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Home AI Article

The FTC Wants Stricter AI Regulations Due to Rapidly Growing Risks
(Synopsis)

by ainewsarticles
November 12, 2023
in AI Article, Business, Business & Finance, Favorite, Government & Law, Nation & World, Science, Science & Technology, Society
Reading Time: 1 min read
The FTC Wants Stricter AI Regulations Due to Rapidly Growing Risks
13
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The US Federal Trade Commission (FTC) has voiced support for stricter regulations on artificial intelligence (AI) in response to concerns about consumer safety. In an eight-page document submitted to the US Copyright Office, the FTC highlighted the potential risks associated with AI, including cyber fraud, privacy violations, and copyright infringement. The commission emphasized the need to protect consumers, workers, and small businesses from harmful AI practices. The FTC stated that it would use its full range of authorities to mitigate AI risks, similar to its approach to blockchain and digital currencies.

The FTC has already taken action against AI developers, including investigating OpenAI for alleged consumer protection law breaches. Additionally, the FTC has conducted probes into Big Tech firms such as Amazon and Ring for illegal use of data obtained by Alexa. The commission expressed concerns that dominant technology companies may leverage AI to unlawfully entrench their market positions and engage in collusive behavior. In response to the US Copyright Office, the FTC organized a roundtable to address concerns surrounding the use of copyrighted materials by AI developers. Participants in the roundtable session stressed the importance of creators having greater control over their work and increased transparency from AI developers.

 

 

The ainewsarticles.com article you just read is a brief synopsis; the original article can be found here: Read the Full Article…

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