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Publicly traded companies that misleadingly promote their use of AI risk engaging in “AI-washing” and running foul of US securities law, said SEC Chair Gary Gensler.
The SEC’s examinations division sent requests for information on AI-related topics to some investment advisers.
The action highlights an emerging area of legal and compliance risk for businesses.
The Supreme Court’s decision on college-based affirmative action programs in June poses a challenge to US companies’ DE&I efforts, experts say.
Pledge to ‘root out discrimination caused by any tool or system that enables unlawful decision making’.