Regulators Warn of AI Risks and Abusive Use

FTC Chair Lina Khan has warned about the potential for abusive use of artificial intelligence (AI) and its impact on antitrust and consumer protection laws. She detailed several ways AI might be used to harm consumers or the market and compared the current inflection point around AI to the earlier mid-2000s era in tech. Khan also warned that generative AI "risks turbocharging fraud" by creating authentic-sounding messages. The FTC is well-equipped with legal jurisdiction to handle the issues brought to the fore by the rapidly developing AI sector, including collusion, monopolization, mergers, price discrimination, and unfair methods of competition.