Gary Gensler said it was 'nearly unavoidable’ that the next financial crash would be sparked by an AI model being used somewhere in the banking system

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The Japanese conglomerate, whose tech portfolio has slumped in value due to an array of troubled investments, passed the psychological level of 6,000 yen on Friday

Google's AI chatbot Bard, touted as a competitor to ChatGPT, shared inaccurate information in a promotional video