
In what may be the SEC’s first AI-washing enforcement action against a reporting company, on January 14, 2025, the agency brought a settled enforcement action against Presto Automation, a restaurant services technology company, based on the company’s alleged misrepresentations “regarding critical aspects of its flagship artificial intelligence (“AI”) product, Presto Voice.” A copy of the SEC’s January 14, 2025 press release about the action may be found here. The agency’s January 14, 2025 Order in the proceeding can be found here.Continue Reading SEC Files AI-Washing Enforcement Action Against Restaurant Technology Company