There is nothing new in business that can't be turned to marketing hype. There's been greenwashing, DEIwashing, and even Internetwashing for those who remember the dot com disaster of the early 2000s.
Now there's AI washing. Many software companies in virtually every industry have claimed their prowess in artificial intelligence. It can be hard to tell from the outside whether that it what they do, or even whether it matters so long as their products do as they claim.
There's hype and then there are cons. The SEC recently announced that it had "charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the quantity and quality of Joonko's customers, the number of candidates on its platform, and the company's revenue.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.