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By Tom Carter, Business Insider
The chair of the SEC has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology.
Gary Gensler told the Financial Times that it was “nearly unavoidable” that AI would cause a financial crash as soon as the late 2020s or early 2030s, and said that reliance on models developed by tech companies could lead to economic chaos.
One of the problems with personal finance content is that there are really only so many ways you can say “buy a low-cost stock index ETF and do nothing for 20+ years”. The pressure to make it more complicated is quite intense, if only to cure your own boredom. If only more action actually resulted […]
WASHINGTON (AP) — Average long-term U.S. mortgage rates have risen for a second straight week yet remained near historically low levels.
While pondering potential goals for the New Year, I ended up poking around Certified Financial Planner (CFP) Certification Education Programs. I have been toying with the idea of taking one of these courses off and on for years, which helps you fulfill the first two requirements of obtaining the CFP certification: Education. Completion of CFP […]