SEC Issues First AI-Related Civil Penalties and Warns Against “AI Washing”

​​​​​​​The Securities and Exchange Commission on Monday, March 18, 2024, entered into settlements with Delphia (USA) and Global Predictions, which agreed to pay civil penalties totaling $225,000 and $175,000, for “AI Washing.”  AI Washing entails making false statements regarding the use of artificial intelligence technology….
By: Bilzin Sumberg