Odaily Planet Daily News: The U.S. SEC has reached a settlement with the trading company Rimar over its allegations that the company provided false information to investors in its claim to use artificial intelligence (AI) to perform automatic trading of cryptocurrencies and other assets. The SEC said that Itai Liptz, owner and CEO of Rimar LLC and Rimar USA, and Cliffard Boro, a member of the Rimar USA board of directors, claimed that artificial intelligence could be used to trade cryptocurrencies, stocks, bonds and other investments, and obtained nearly $4 million from 45 investors. But in fact, the SEC pointed out that the company did not use artificial intelligence, and the claim of using emerging technologies was just a "buzzword" used to fool investors. The agency called it "AI-washing." Rimar USA agreed to settle the charges and pay a total of $310,000 in civil penalties without admitting or denying the regulator's findings. (Decrypt)

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