FTC Takes Firm Stand on AI Regulation, Cautions Against Potential Scam Acceleration
The U.S. Federal Trade Commission (FTC) has intensified its focus on artificial intelligence (AI) by highlighting concerns about its potential to escalate illegal schemes and scams online.
Emphasizing its decades of experience in adapting to new technologies. The FTC stressed the importance of enforcing laws to foster competition. Safeguard AI developers and users, and protect those affected by its use. The agency cited recent actions against Amazon, which paid $31 million in privacy violation penalties. As a demonstration of its commitment to enforcing antitrust laws and protecting consumers. The FTC’s comments were made during a roundtable discussion with industry professionals, addressing concerns about generative AI’s impact on creative industries.
The agency expressed vigilance in addressing AI-related challenges, including privacy violations, discrimination, deceptive practices, and imposter schemes, reaffirming its dedication to shielding the public from unfair practices in the evolving AI landscape.
Clever Robot News Desk 8th November 2023
