The Globe and Mail reports in its Tuesday edition that for years, Delphia Technologies has claimed artificial intelligence drives its investment decisions for its tens of thousands of clients. The Globe's Jameson Berkow writes that those claims, the U.S. Securities and Exchange Commission now says, were lies. The SEC said Monday that Toronto-based Delphia has agreed to pay a $225,000 (U.S.) fine to settle charges of making false and misleading statements about its purported use of AI. From 2019 through 2023, according to the SEC order against Delphia, the company claimed to put "collective data to work to make our artificial intelligence smarter so it can predict which companies and trends are about to make it big and invest in them before everyone else." The commission says this never happened. "Delphia's plan to utilize client data in artificial intelligence and machine learning never materialized," the order says. "While Delphia did collect certain client data intermittently between 2019 and 2023, it never used that data with artificial intelligence or machine learning or otherwise used that data in any way as inputs into its investing algorithms." The practice of using AI solely for marketing is called "AI washing."