CIOs must beware committing ‘AI washing’ themselves
CIO
JULY 23, 2024
The SEC had charged the two firms with making misleading statements about their use of AI for investment advice, and the companies paid $400,000 in the settlement. AI washing is a new phenomenon, but it’s really just a different kind of fraud,” he says. But there appears to be some intentional exaggeration happening as well, he says.
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