Incidents Harmed By

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


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.


Incident 6551 Report
Scams Reportedly Impersonating Wealthy Investors Proliferating on Facebook


Scams are reportedly proliferating throughout Facebook impersonating wealthy individuals such as Bill Ackman, Cathie Wood, Steve Cohen, Peter Lynch, and Ray Dalio. In some cases, it seems deepfake technology is being employed, while simultaneously Facebook's own AI systems are allegedly faltering in their ability to halt the spread of these fraudulent ads despite being reported.


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