Ripple's David Schwartz Weighs In on Gensler's 2020 AI Warning
- —Schwartz said much of Gensler's 2020 paper on AI and finance makes sense
- —The paper warned that similar models and data could make markets more fragile
- —He rejected the claim that capable systems would become smart enough to act irrationally
- —The debate gains relevance as AI agents move into payments and investing
Why it matters: The debate matters as autonomous AI agents gain access to wallets and payment rails, raising questions about synchronized behavior and market stability.
Source: Crypto Economy