Beware of ‘AI washing’ as banking use cases emerge
By now you are of course well aware of the phrase ‘greenwashing’, but beware: there is a new term in town. Last month, Chair of the Securities and Exchange Commission Gary Gensler publicly warned businesses against ‘AI washing’, whereby firms make false claims over their use of artificial intelligence in much the same way others have over their unfounded sustainability assertions. The warning comes after the Federal Trade Commission in February cautioned companies that it would be on the lookout for bogus AI claims.
Oliver Blower
January 17, 2024
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