SEC Says Restaurant Tech Co. Misled Investors On AI Product
SEC Says Restaurant Tech Co. Misled Investors On AI Product <https://www.law360.com/capitalmarkets/articles/2284729?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_main=1&nlsidx=0&nlaidx=15> By Katryna Perera The U.S. Securities and Exchange Commission reached a non-monetary settlement with Presto Automation Inc. to resolve claims the restaurant technology company made false and misleading statements about aspects of its artificial intelligence product, which uses AI-assisted speech recognition technology to automate aspects of drive-thru order taking at quick-service restaurants. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2284729?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_more=1&nlsidx=0&nlaidx=15> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2284729?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_later=1&nlsidx=0&nlaidx=15>
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Gunnar Larson