AI expert warns of algo-based market manipulation
Regulators must keep pace with new technology that could be used to control financial markets
“The prospect of supercharged manipulation is likely,” says Michael Wellman, a University of Michigan professor. “We know manipulation is already a very prevalent practice, and so if bodies are doing this, they’re going to try and avail themselves of the latest tools. We would be foolish not to expect to see intentional manipulation enhanced by AI.”
Wellman, who earned his PhD in artificial intelligence from MIT in 1988, knows what he is talking about. He has spent his career researching AI and
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