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Entities

Global Predictions Inc.

Incidents involved as both Developer and Deployer

Incident 6531 Report
Two Investment Firms Charged with Making False Claims of Artificial Intelligence Capabilities in Case of AI Washing

2019-01-01

In a case of AI washing, the SEC charged two investment advisers, Delphia and Global Predictions, for falsely stating their use of artificial intelligence in their investment strategies between 2019 and 2023. Their misleading claims resulted in a settlement whereby the firms agreed to pay a total of $400,000 in penalties, highlighting the critical consequences of misrepresenting AI capabilities on investment decisions and trust.

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Related Entities
Other entities that are related to the same incident. For example, if the developer of an incident is this entity but the deployer is another entity, they are marked as related entities.
 

Entity

Delphia (USA) Inc.

Incidents involved as both Developer and Deployer
  • Incident 653
    1 Report

    Two Investment Firms Charged with Making False Claims of Artificial Intelligence Capabilities in Case of AI Washing

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Entity

Investors

Incidents Harmed By
  • Incident 653
    1 Report

    Two Investment Firms Charged with Making False Claims of Artificial Intelligence Capabilities in Case of AI Washing

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