How to Stop the Elizabeth Holmes of A.I.

Elizabeth Holmes convinced investors and patients that she had a prototype of a microsampling machine that could run a wide range of relatively accurate tests using a fraction of the volume of blood usually required. She lied; the Edison and miniLab devices didn't work. Worse still, the company was aware they didn't work, but continued to give patients inaccurate information about their health, including telling healthy pregnant women that they were having miscarriages and producing false positives on cancer and HIV screenings. But Holmes, who has to report to prison by May 30, was convicted of defrauding investors; she wasn't convicted of defrauding patients. This is because the principles of ethics for disclosure to investors, and the legal mechanisms used to take action against fraudsters like Holmes, are well developed.