Doug Cornelius on compliance for private equity real estate
A Minnesota court threw out an expert statement because it was generated by AI and included fake references. The case involved a Minnesota Stat. § 609.771 that bans people from using deepfake media to influence elections. Jeff Hancock, a misinformation specialist and a Stanford University communication professor, used fake article citations generated by AI to … Read more »
Back in December, Chair Gensler gave a speech to an AI Summit and warned about companies overstating their use artificial intelligence tools. From there, you can see the SEC approaching the concerns as part of fundraising fraud and marketing fraud. Chair Gensler probably knew that the Securities and Exchange Commission was actively working on two … Read more »