AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Some are practicing something called “AI washing,” which Securities and Exchange Commission chair Gary Gensler explained in a video includes “false claims to investors by those purporting to use those new technologies.” In the financial space, the SEC fined two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., a total of $400,000 in March for what the SEC described as marketing AI-enabled investment predictions to their clients when they were not actually using this technology. (The companies paid the penalties and accepted SEC orders without admitting or denying the Commission's findings.) It's not just the financial services space that is seeing this phenomenon. Analytics firm FactSet dug through earnings call transcripts of S&P 500 companies for the three months ending in mid-March and found that 179 companies used the term “AI,” which exceeds the five-year average of 73 companies. While it's not clear which of these companies are being disingenuous about the
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M
News
- Macy's earnings, Fedspeak: What to Watch [Yahoo! Finance]Yahoo! Finance
- Red Lobster Officially Files for Chapter 11 Bankruptcy — Here's What to Know [Yahoo! Finance]Yahoo! Finance
- Macy's Q1 earnings preview: Declines expected as management weighs a buyout offer [Yahoo! Finance Canada]Yahoo! Finance Canada
- Macy's Q1 earnings preview: Decline expected as management weighs a buyout offer [Yahoo! Finance]Yahoo! Finance
- Macy's Q1 earnings preview: Decline expected as management weighs a buyout offer [Yahoo! Finance Canada]Yahoo! Finance Canada
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 5/20/24 - Form 8-K
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- M's page on the SEC website