U.S. Federal Trade Commission Supports AI Regulation

The U.S. Federal Trade Commission (FTC) has added its voice to the growing demand for stricter regulation of artificial intelligence (AI) due to concerns about consumer safety.

FTC Stance on AI Regulation

The FTC revealed its position in an eight-page response to a request for comments on the U.S. Copyright Office’s proposed AI regulatory framework. In the document, the FTC acknowledged that while AI can enhance productivity and efficiency, it also presents various risks that could negatively impact consumers.

Risks Associated with AI

According to the FTC, unsupervised AI development could result in a rise in cyber fraud, privacy breaches, and copyright infringement. The regulator stated that these risks could have unintended consequences for the U.S. economy, affecting small businesses and a significant portion of the workforce.

Response to AI Risks

The FTC announced that it would utilize its full range of authorities to address AI risks and protect consumers, without any exemptions. The agency also compared its approach to AI regulation to its stance on blockchain and digital currencies.

Enforcement Actions

In the past year, the FTC has intensified its scrutiny of AI developers, including a notable investigation into OpenAI for potential violations of consumer protection laws. Additionally, the agency launched a probe on Amazon and Ring for alleged violations of privacy rules related to the use of data obtained by Alexa to train AI models.

Addressing Copyright Concerns

In response to the U.S. Copyright Office, the FTC organized a roundtable with creatives from various industries to address intellectual property concerns associated with AI models. The agency proposed robust mechanisms to give creators more control over their work and increased transparency from AI developers.

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Video: Roundtable on AI and IP

The FTC collaborated with creatives in a roundtable discussion to solve the copyright puzzle associated with AI models.

Overall, the FTC is advocating for greater legal oversight of AI technology to ensure the protection of consumers and businesses. The agency’s proactive stance on AI regulation aligns with its history of enforcing consumer protection laws.



### News source: coingeek.com

By Team