ASX Warns Firms About ‘Ramping’ AI Upside to Push Stock Prices

Australia’s stock exchange operator warned businesses not to exaggerate the impact of artificial intelligence on their operations, saying it monitors the market for instances of so-called ‘ramping’ up of share prices.

The “potential for real hype around AI does create the temptation for some to engage in ramping behavior,” ASX Chief Compliance Officer Lucinda McCann told an Australian Shareholders’ Association conference in Melbourne on Monday.