Senators Offer Bipartisan Bill on AI Risk for Financial Markets

Democratic Sen. Mark Warner and Republican Sen. John Kennedy introduce a billto require financial regulators to address uses of AI-generated content that could disrupt financial markets.

• The Financial Artificial Intelligence Risk Reduction Act would provide penalties when AI is used in violations of SEC rules, including acts of market manipulation and fraud
• Legislation would also seek to make clear that those using an AI model are responsible for making sure the model complies with all securities laws

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Maria Luiza Rabello in Washington at mrabello@bloomberg.net

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