USA: The Securities and Exchange Commission (SEC) has drawn attention to “AI washing” - when companies falsely claim to use artificial intelligence. Gary Gensler, chairman of the SEC, warned about possible false statements by investment advisers and public companies about their AI technology.

The SEC announced settlements with two investment advisors, Delphia and Global Predictions, which were fined a total of $400,000 for making false statements about the use of AI. This is a warning that the SEC will not tolerate AI washing.