Schwartz Aligns with Gensler's Warning on Deep Learning Risks

Ripple executive David Schwartz has expressed partial agreement with former SEC Chairman Gary Gensler's 2020 warning about the risks of deep learning in finance.

The discussion centered around the potential for systemic risk due to the widespread adoption of deep learning in the financial sector.

Schwartz emphasized that the main concern is not individual models, but rather the scale impact on the financial infrastructure. He linked this to his work with Ripple and its associated cryptocurrency XRP.