ASX warns firms against exaggerating AI impact to boost share prices

8 articles · Updated · Bloomberg · May 4

Chief compliance officer Lucinda McCann told an Australian Shareholders’ Association conference in Melbourne on Monday that the exchange is monitoring the market for such conduct.
She said hype around artificial intelligence could tempt some companies to engage in “ramping” behaviour by overstating how AI affects their operations.
The warning signals closer scrutiny of listed companies’ market disclosures as regulators and exchanges confront investor enthusiasm around AI-related claims.

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