SEC chair considers ‘innovation exemption’ for in-house AI testing

SEC chair considers ‘innovation exemption’ for in-house AI testing

The Securities and Exchange Commission is eyeing artificial intelligence sandboxes for entrepreneurs focused on “investor protection,” the regulator’s chief told lawmakers last week. During a Senate Banking Committee hearing, Sen. Mike Rounds, R-S.D., asked Chair Paul Atkins if his bipartisan bill to establish enforcement-free AI testing at financial regulatory agencies would “give the SEC the tools it needs to foster responsible AI innovation.”…