The U.S. Federal Trade Commission will examine the rise of AI technology across all fronts, said FTC Chair Lina Khan, speaking at TechCrunch’s StrictlyVC event in Washington, D.C., on Tuesday.
In fact, it’s already seeing an uptick in consumer complaint cases in some areas, like voice cloning fraud, Khan said.
Asked what areas of AI the FTC was watching, Khan explained that it was everything.
Of course, policing AI comes with its challenges, despite the number of technologists the FTC has hired to help in this area.
Another area of focus for the FTC is the focus on what openness really means in the AI context, Khan explained.
The U.S. Federal Trade Commission is focusing its efforts on going after Big Tech, according to FTC Chair Lina Khan, who spoke at TechCrunch’s Strictly VC event in Washington, D.C., on Tuesday.
Khan said the agency is focused on going after the players that are doing the biggest harm, as opposed to just increasing the number of cases that it brings forward.
“One thing that’s been important for me is to make sure that we’re actually looking at where we see the biggest harm,” Khan said.
The FTC and the Department of Justice have struck a deal to investigate Microsoft, Open AI and Nvidia over potential antitrust violations, according to The New York Times.
The types of cases that the FTC selects can act as a deterrent, she said, noting that the FTC is already seeing that happen.
Now, we’re headed to Washington, D.C., for another night of top-notch interviews and unparalleled networking, all at the cozy Woolly Mammoth Theatre on Tuesday, June 11.
Lina Khan – Chair, Federal Trade CommissionAs Chair of the Federal Trade Commission, Lina Khan brings a wealth of experience and expertise to the table.
With a background in business reporting and antitrust research, Khan has dedicated her career to addressing consolidation across various markets.
Steve Case – Chairman & CEO, RevolutionSteve Case is known for his pioneering efforts, such as founding AOL, and integrating the internet into everyday life.
Secure Your Spot:Tickets for StrictlyVC Washington, D.C., are priced at $159, offering exceptional value for an evening packed with exclusive content and networking opportunities.
The FTC is aiming to unravel the complex and secretive corporate relationships in the top AI companies out there in a new inquiry.
What are these companies but a proxy for the ambitions of the extant tech superpowers?
As companies race to develop and monetize AI, we must guard against tactics that foreclose this opportunity,” Khan continued in her statement.
The orders sent to the companies listed above compel them to share:Partnerships, investments, and the “strategic rationale” for themWhether these partnerships have “practical implications” such as when or how new products are releasedWhat do they talk about at meetings?
After all, why shouldn’t companies that have already spent billions pursuingIncidentally, today the FTC is hosting a summit on AI and its opportunities and dangers, in the sense of markets and startups.
The FTC is aiming to unravel the complex and secretive corporate relationships in the top AI companies out there in a new inquiry.
What are these companies but a proxy for the ambitions of the extant tech superpowers?
As companies race to develop and monetize AI, we must guard against tactics that foreclose this opportunity,” Khan continued in her statement.
The orders sent to the companies listed above compel them to share:Partnerships, investments, and the “strategic rationale” for themWhether these partnerships have “practical implications” such as when or how new products are releasedWhat do they talk about at meetings?
After all, why shouldn’t companies that have already spent billions pursuingIncidentally, today the FTC is hosting a summit on AI and its opportunities and dangers, in the sense of markets and startups.
