The US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has warned investors about companies inflating their use of artificial intelligence (AI) in investment pitches, a practice referred to as ‘AI washing’. Gensler has urged individuals to be cautious when investing in companies claiming to use AI, highlighting the necessity for transparency in illustrating how AI is integrated into their businesses. This advice comes as part of the SEC’s broader mission to protect investors and maintain fair, orderly, and efficient markets.
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