Former SEC Chairman Gary Gensler says AI leaders and hyperscalers need to generate meaningful revenue and productivity gains to meet current market conditions. Speaking to Tom Keene and Paul Sweeney on Bloomberg Radio, Gensler also warned that as investors consider selling shares in highly-valued IPOs like SpaceX, it could create a broader downward effect on the market as a whole.<br>See omnystudio.com/listener for privacy information.

Former SEC Chair Gary Gensler Talks AI Hype, IPO Outlook

Bloomberg Talks

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[SPEAKER_00] We now commence a three-hour interview. Gary Gensler joins us now. He's the former chairman of the Securities Exchange Commission. A modest tenure of duty at Goldman Sachs as well. And critically, long ago and far away, writing legislation, Sarbanes-Oxley is well, well, well over 20 years ago. Gary, I've been dying to talk to you. I read all the wonderful comments on this life of Alann Greenspan.

[SPEAKER_00] And I get the criticism about interest rate dynamics in 2005, 2006 and that. But I'm going to go to a guy that you have a nodding acquaintance with, one S. Johnson up at MIT. I've quoted this many times, folks.

[SPEAKER_00] Gary Gensler, we can criticize Chairman Greenspan, but he had a lot of help in screwing us up into the financial crisis, didn't he?

[SPEAKER_02] Well, there is a broad miss. I don't know how else to say it. Policymakers across the spectrum and the American public paid the price. And we exported, by the way, that crisis around the globe.

Former SEC Chair Gary Gensler Talks AI Hype, IPO Outlook

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Former SEC Chair Gary Gensler Talks AI Hype, IPO Outlook

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.