ASX Warns Companies Not to Overstate AI Impact on May 4

According to Bloomberg, on May 4, Australia’s stock exchange operator ASX warned companies not to overstate the impact of artificial intelligence on their businesses. ASX Chief Compliance Officer Lucinda McCann said the exchange was watching for “ramping” or claims intended to lift share prices without factual support. Australia’s corporate regulator ASIC also urged firms to prepare for cyber and other risks from frontier AI models.