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The Department of Justice's top prosecutor in San Francisco, Ismail Ramsey, is targeting tech start-ups that deceive investors before IPOs by leveraging his proximity to Silicon Valley investors. The SEC has charged two companies for overstating their use of artificial intelligence, marking a crackdown on 'AI washing' and signaling a broader enforcement trend against exaggerated AI claims.
SEC Cracks Down on Over-Hyped AI Claims – Director Says This is Just the Beginning https://t.co/yQKHT1qXWR
SEC Actions Highlight Focus on the Use of AI by Investment Advisers https://t.co/3xtAs2IzlG
Ismail Ramsey, the DOJ's top prosecutor in San Francisco, is targeting AI and other tech start-ups that defraud investors before they go public, he told Reuters. More in The Daily Docket: https://t.co/4BkMw9PkFe Subscribe: https://t.co/jDp2ZvA0ly https://t.co/5W4pbK3gqr
