A man named Gary Gensler, who works at the SEC, is worried that some companies might be pretending to use a smart technology called AI just to make more money. He thinks people should be careful when investing in these companies because they might not really be using AI as much as they say. Some other people think this is not a big problem and the stock market will keep going up because of AI. Read from source...
1. The title of the article is misleading and sensationalist. It implies that Gary Gensler, as the SEC chairperson, has some authority or power to stop AI washing tactics in Wall Street. However, his role is more of a regulatory figure who can only warn investors about potential risks and advise them to be cautious. The actual implementation and enforcement of policies depend on other bodies such as Congress, the courts, or other agencies.