What is AI washing? AI washing is when a company overstates the AI capabilities of their products and services to mislead the market. It describes companies that are exploiting the current AI boom and lying about the AI capabilities of their businesses to gain an advantage with investors. The SEC has taken action against companies in the context of AI washing and has confirmed that they continue to be focused on it. Companies, including startups, therefore should approach any disclosures,…
By: Orrick, Herrington & Sutcliffe LLP
By: Orrick, Herrington & Sutcliffe LLP
