Investment advisors pay the price for selling what looked a lot like AI fairy tales

  • 📰 TheRegister
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

SEC bags $400K in settlements

Canada-based Delphia and San Francisco-headquartered Global Predictions will cough up $225,000 and $175,000 respectively for telling clients that their products used AI to improve forecasts. The financial watchdog said both were engaging in"AI washing," a term used to describe the embellishment of machine-learning capabilities.

Delphia claimed its system utilized AI and machine learning to incorporate client data, a statement the SEC said it found to be false. Despite being warned about suspected misleading practices in 2021 and agreeing to amend them, Delphia only partially complied, according to the SEC. The company continued to market itself as using client data as AI inputs but never did anything of the sort, the regulator said.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 67. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

SEC Approves Landmark Rule Requiring Some Companies to Report Emissions, Climate RisksOil pump jacks operate at dusk near Barnes City, Texas, Wednesday, Nov. 1, 2023.
ソース: TIME - 🏆 93. / 53 続きを読む »