Watch out for companies that claim to use cutting-edge technology. They could be using artificial intelligence as a marketing ploy to attract investors.

Staying competitive in the finance sector is vital, with many companies moving quickly to adopt artificial intelligence (AI) to reduce costs and streamline operations. But two companies recently came unstuck when the United States Securities and Exchange Commission (SEC) accused them of exaggerating their use of AI, marking the world’s first significant move in combating so-called “AI washing”. Delphia (USA) Inc and Global Predictions Inc, boasted about using AI for designing investment strategies, but the SEC found their claims to be unsubstantiated. There’s much speculation around AI, especially with generative technology app Ch......

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