Posted 12/31/2023, 1:43:33 PM
Regulators Push for AI Transparency in Finance to Prevent Hype, Risks
- Market watchdogs aim to prevent abuse of AI and "AI washing" in financial markets, urging transparency and preventing conflicts of interest
- Companies increasingly mentioning AI in earnings calls and presentations to showcase use of technology
- Rollercoaster share price moves highlight investor enthusiasm for AI, reminiscent of past blockchain and cannabis stock manias
- Regulators caution AI risks including privacy, manipulation, stability if AI tools concentrate among few providers
- "Greenwashing" crackdown seeks to boost credibility of sustainable investment products, prevent abuse of ESG marketing claims