Context:

There is a new and growing question whether companies are making over-inflated claims about their use of AI.

About AI Washing:

Similar to "greenwashing," where companies falsely claim environmental friendliness.

Types of AI Washing:

• False Claims: Using basic tech but claiming it as AI.
• Overstating Efficacy: Exaggerating AI capabilities compared to existing methods.
• Premature Claims: Suggesting AI solutions are fully operational when they are not.

Concerns:

• Business Impact: Overpaying for technology, unmet operational goals.
• Investor Impact: Difficulty identifying genuinely innovative companies.