[itishappy]

Is this investment advice?

> "Investment adviser" means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities, or who, for compensation and as part of a regular business, issues or promulgates analyses or reports concerning securities...

https://www.govinfo.gov/content/pkg/COMPS-1878/pdf/COMPS-187...

[whycome]

Does it matter here?

> any person

The AI defense.

[itishappy]

Of course it matters! AI doesn't automatically absolve you from your legal responsibilities...

I'd bet there's a person somewhere that receives money in exchange for sharing the AI's analysis, which would fall squarely into the second half of the definition:

> [any person] who, for compensation and as part of a regular business, issues or promulgates analyses or reports concerning securities...

[cyanydeez]

The person who made the tool is culpable. Same way if a lawyer hires an intern that preps legal documents is responsible.

However, governments in thw US love to whitewash liability so this is just academic.