Although AI, including generative AI, offers many beneficial uses, it can also be used to engage in fraud, deception, infringements on privacy and other unfair practices, which may violate the FTC Act and other laws... At the same time, AI can raise competition issues in a variety of ways, including if one or just a few companies control the essential inputs or technologies that underpin AI.
The FTC has previously issued warnings to the public about misuse of increasingly-powerful AI systems, emphasizing the maintenance of AI ethics staff and combating disinformation. In April, the FTC spearheaded a pledge with three other federal agencies to police biases and crime related to AI systems. These efforts come as President Joe Biden has pushed executive action to further investigate the benefits and dangers of AI usage, while legislative regulations for emerging technologies like AI remain scant.
#Federal Trade Commission #AI investigations #consumer protection #market behavior #legislative regulations
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