Translation: SEC Chairman Gary Gensler has warned that a financial crisis sparked by artificial intelligence (AI) without proper regulation is "almost inevitable." Gensler noted that regulating AI in the financial sector will be a challenging task due to the involvement of multiple agencies relying on the same foundational models. The SEC has proposed new regulations, yet they do not address the "horizontal issues" posed by AI, which refers to the potential for groupthink when multiple institutions use the same models. Regulatory bodies need to find a balance between technological innovation and financial stability to ensure that the advancement of AI does not precipitate a financial crisis.