AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims
Publishing timestamp: 2024-05-10 11:38:00
Summary
FactSet found that the use of the term AI in S&P 500 companies' earnings calls has increased significantly. Some companies are engaging in "AI washing," making false claims about their use of AI technology. Experts warn that using the term AI without actually implementing it can lead to a breakdown of trust between vendors and consumers. Investors and customers are urged to be cautious and look for companies that provide specific details about their AI usage and have a clear ethics policy. Regulatory bodies are expected to increase scrutiny on companies making superficial AI claims.
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Keywords: technology, microsoft corp, investment management, generative ai, artificial intelligence, business news,