AI 'Herding': An Impending Financial Precipice?

News: https://futurism.com/the-byte/sec-ai-drive-markets-off-cliff In the realm of finance, AI 'Herding' could be the modern-day siren's song—beguiling but potentially disastrous. I recall being both fascinated and unsettled when a major investment algorithm glitched a few years back, precipitating a mini flash-crash. Gary Gensler's recent remarks underscore a critical concern: the financial sector's increasing reliance on a narrow AI model spectrum may indeed set us on a uniform march towards volatility. Diversity in financial strategies fosters stability—it's Finance 101. Yet, are we inadvertently constructing a monoculture paradoxically ripe for systemic collapse while chasing efficiency? Moreover, the proposed SEC regulations hint at acknowledgment but fall short of a clear path forward in navigating the technological tides. Let's spark a conversation on pragmatic approaches to diversify AI input in financial decision-making. Is it time for industry-wide standards or collaborative innovation in AI development to avert a collective tumble off the proverbial cliff?