Beyond the Hype: The SEC's Intensified Focus on AI Washing Practices | Insights

Retrieved on: 2024-04-19 02:15:32

Tags for this article:

Artificial intelligence

Cybernetics

Computational neuroscience

Applications of artificial intelligence

U.S. Securities and Exchange Commission

Regulation of artificial intelligence

Global Predictions Inc.

Delphia USA Inc.

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Beyond the Hype: The SEC's Intensified Focus on AI Washing Practices | Insights. View article details on HISWAI: https://www.hklaw.com/en/insights/publications/2024/04/beyond-the-hype-the-secs-intensified-focus-on-ai-washing-practices

Summary

The SEC charged Delphia USA Inc. and Global Predictions Inc. for "AI washing"—misrepresenting their AI capabilities in investments—and enforced penalties to ensure transparency and prevent investor deception in applications of AI. This intersects with regulations in computational neuroscience and cybernetics within the AI landscape.

Article found on: www.hklaw.com

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