The industry is paid to provide a fig leaf for shady practices. Everyone knows what's going on, no one is going to do anything about it unless governments step in and give regulators more resources and more teeth, and "errors" lead to prosecutions and jail time.
None of those are likely.
This is the industry that missed Enron, WorldCom, Wirecard, Lehman, and many others.
I suspect many AI startups will be on that list in 2-5 years.