The second company settling with the SEC, Global Predictions, claimed to use “[e]xpert AI driven forecasts,” when, according to the agency’s blunt assessment, “in fact it did not.” Asked by the SEC to substantiate its claim to be the “first regulated AI financial advisor,” Global Predictions “could not produce documents” to do so.

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• Source: https://www.coindesk.com/consensus-magazine/2024/04/02/the-secs-shot-across-the-bow-on-ai-washing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines