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The Securities and Exchange Commission (SEC) is intensifying its scrutiny on AI washing, a term used to describe companies exaggerating their use of artificial intelligence to attract investors. Recent enforcement actions have targeted investment advisers making false claims about their AI capabilities, resulting in significant civil penalties. The SEC's focus on emerging technology and cybersecurity has led to a crackdown on misleading statements related to AI in the financial industry.
In one case, a firm claimed to use AI to predict successful investments based on collective data, but investigations revealed these statements to be false. The SEC's emphasis on AI washing highlights the importance of transparency and accuracy in companies' disclosures about their technological capabilities. This trend underscores the need for regulatory oversight to prevent misleading practices in the growing field of AI in finance.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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