SEC says Delphia Technologies Inc. has agreed to pay a US$225,000 fine in order to settle charges of making false and misleading statements about its purported use of AI. From 2019 through 2023, the company claimed to put “collective data to work to make our artificial intelligence smarter so it can predict which companies and trends are about to make it big and invest in them before everyone else” The commission says this never happened.
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