Bloomberg Quotes Brian Daly on the SEC’s AI Crackdown
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For its article, “SEC’s AI Crackdown Signals Trickle of Cases Will Turn to Flood” Bloomberg quoted Akin investment management & private equity partner Brian Daly. The article discusses how the recent series of U.S. enforcement actions is anticipated to be just the beginning of a crackdown on companies misrepresenting artificial intelligence to investors. The Securities and Exchange Commission (SEC) has accused three companies of overhyping and misleading how they use machine learning and other tools since March.
“We’re at the point where this is a huge focus of every part of the SEC, including enforcement,” said Brian.
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