FTC Chair and President's Administration on High Alert for Abusive and Deceptive AI Use

TL;DR Summary
FTC Chair Lina Khan has pledged to regulate AI using existing laws to prevent market dominance by large tech firms, collusion, and potential fraud and privacy violations. She emphasizes the need to ensure fair competition, strengthen consumer protection, promote data privacy, and combat discriminatory practices. Khan believes that the FTC is well-equipped to handle AI concerns and enforce laws, even in this new market. She warns against accepting "race-to-the-bottom business models" and "monopolistic control" that lock out higher-quality products.
- “We must regulate AI,” FTC Chair Khan says Ars Technica
- FTC Chair Lina Khan says she's on alert for abusive A.I. use CNBC
- FTC chair says agency watching for ‘unfair or deceptive’ AI use The Hill
- President's Administration Warns Financial Firms of AI Risks – The Presidential Prayer Team The Presidential Prayer Team
- FTC to enforce law to curb risks of artificial intelligence Reuters
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