SEC Chief: Beware of AI-Washing in Investments

SEC Chief Highlights Risks of "AI-Washing" in the Investment Realm

In an era where artificial intelligence (AI) is becoming the buzzword across industries, the Securities and Exchange Commission (SEC) Chair, Gary Gensler, issued a strong warning against the dangers of overstating AI capabilities, a practice commonly referred to as "AI-washing." Speaking at Yale Law School, Gensler emphasized the critical need for transparency and honesty among publicly traded companies when discussing their engagement with AI technologies.