Growing anxiety about AI spreads to finance and law. Organizations like FINRA and the World Economic Forum raise alarms about AI's risks, including misinformation and propaganda. Concerns include biased financial decisions, market meltdowns, privacy invasion, and overreliance on AI. Transparency and stress testing are lacking. OpenAI's GPT-3.5 launch intensifies the debate. Policymakers grapple with AI's societal role. Smaller companies accuse major players of triggering regulations.