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Top related persons:
Gary Gensler - 4 It's - 3 it's - 3 Microsoft's - 3 Delphia - 2 Goldman Sachs - 2 Scott Kessler - 2 Elon Musk - 2
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San Jose , California
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SEC - 4 Securities - 3 Exchange - 3 Business - 3 Woodstock - 2 Third - 2 MIT - 2 Prosperity - 2

Search resuls for: "Delphia"


4 mentions found


☆ AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims
  + stars: | 2024-05-10 | by ( Rachel Curry | ) www.cnbc.com   time to read: +6 min
Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.
Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors
☆ Companies Are Luring Investors by Exaggerating What Their AI Can Do
  + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +8 min
The Securities and Exchange Commission's chair, Gary Gensler, recently warned about "AI washing," or companies giving off a false impression that they're using AI so they can amp up investors. And while some companies are simply exaggerating the tech they do legitimately use, others have taken it a step further. Most companies aren't being accused of breaking the law with their AI chatter, but they're definitely posturing around it. An analysis from Goldman Sachs found that 36% of S&P 500 companies mentioned AI in their fourth-quarter earnings calls, a record high. Even the Big Tech companies that are really moving and shaking in AI are on shifty ground at times.
Persons: Gary Gensler, Delphia, Goldman Sachs, Scott Kessler, Elon Musk, Adolf Hitler, it's, ChatGPT, Daron Acemoglu, Sam Altman, Ed Zitron, he's, It's, overselling, Angelo Zino, Microsoft's, Zino, Acemoglu, Emily Stewart Organizations: Securities, Exchange, SEC, Woodstock, Third, MIT, Prosperity, Nvidia, AMD, Broadcom, CFRA Research, Big Tech, Tech, Microsoft, Business Locations: San Jose , California
☆ The Age of AI BS: Companies Are Exaggerating What Their Tech Can Do
  + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +8 min
The Securities and Exchange Commission's chair, Gary Gensler, recently warned about "AI washing," or companies giving off a false impression that they're using AI so they can amp up investors. And while some companies are simply exaggerating the tech they do legitimately use, others have taken it a step further. Most companies aren't being accused of breaking the law with their AI chatter, but they're definitely posturing around it. An analysis from Goldman Sachs found that 36% of S&P 500 companies mentioned AI in their fourth-quarter earnings calls, a record high. Even the Big Tech companies that are really moving and shaking in AI are on shifty ground at times.
Persons: Gary Gensler, Delphia, Goldman Sachs, Scott Kessler, Elon Musk, Adolf Hitler, it's, ChatGPT, Daron Acemoglu, Sam Altman, Ed Zitron, he's, It's, overselling, Angelo Zino, Microsoft's, Zino, Acemoglu, Emily Stewart Organizations: Securities, Exchange, SEC, Woodstock, Third, MIT, Prosperity, Nvidia, AMD, Broadcom, CFRA Research, Big Tech, Tech, Microsoft, Business Locations: San Jose , California
☆ The SEC is cracking down on investment advisers that falsely claim to use AI
  + stars: | 2024-03-18 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +1 min
The SEC is cracking down on investment advisers is says falsely claim to use AI. The agency settled with two advisers, Delphia and Global Predictions, who agreed to pay fines of $225,000 and $175,000, respectively. "Investment advisers should not mislead the public by saying they are using an AI model when they are not. AdvertisementThe SEC is beginning to crack down on companies it says are "AI washing." The firms, Delphia (USA) and Global Predictions, agreed to pay penalties of $225,000 and $175,000 respectively.
Persons: Gary Gensler, — Organizations: SEC, Service, Delphia, Business
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