FTC Chair Comments on FTC Approach to AI
Summary
On June 11, 2024, the Federal Trade Commission (FTC) Chair Lina Khan discussed the agency's approach to regulating AI during an interview at TechCrunch’s StrictlyVC event. She emphasized the need to address monopolistic threats early and ensure AI tools do not facilitate fraud or advertise deceptively. Khan highlighted that existing laws apply to AI and warned companies about the potential misuse of automated decision-making tools (ADMT). The FTC aims to protect consumer privacy and ensure fair practices in the rapidly digitizing economy.
Impacted Sectors
Additional Information
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