Data Privacy & Security Data Privacy & Security

US SEC’s Gensler warns of securities-market concentration among cloud-computing providers with AI

The securities industry’s outsourcing to just a few cloud-computing providers that rely on artificial intelligence to process massive data volumes creates market concentration that poses systemic risk, said Gary Gensler, head of the US Securities and Exchange Commission.

“We could turn around in the year 2027 or 2032 and say, my gosh the

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