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‘AI Washing’ Troubles: SEC Fines Investment Firms, Issues Warnings

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The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing,” or essentially making false claims about their use of artificial intelligence. The firms, Delphia Inc. and Global Predictions Inc, will pay a total of $400,000 in civil penalties for making false and misleading statements about … Continued

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