What's Gary Gensler's beef with AI?

LLMs like ChatGPT are non-deterministic; how does herding behavior arise from non-determinism?

Note: I’ve updated this post from its original version. For those updates, see the second section of this post.

Apparently, crypto world’s bête noire, Gary Gensler, is concerned about AI. He is quoted in an article as saying:

“A growing issue is that [AI] could lead to a risk in the whole system,” Gensler said. “As many financial actors rely on one or ju…