FTC Chair Warns AI Firms Against Monopolies, Anticompetitive Practices

FTC Chair Lina Khan warns AI companies not to build monopolies or engage in anticompetitive practices at AI and Tech Summit.
Khan says FTC has authority to regulate AI under existing statutes prohibiting unfair practices.
FTC staff said generative AI like ChatGPT could pose competition challenges.
Khan would welcome clarity from Congress on FTC's role in regulating AI.
GOP FTC nominees said they'd support Congress setting regulations on AI.

politico.com

Relevant topic timeline:

8/7/2023

Amazon will reportedly meet with the FTC ahead of potential antitrust lawsuit

Main topic: Amazon's meeting with the FTC before a possible antitrust lawsuit. Key points: 1. Amazon will meet with the FTC to discuss a potential antitrust lawsuit. 2. The FTC has been investigating Amazon since 2019 for using its influence to harm competition. 3. FTC chair Lina Khan, a longtime Amazon critic, will be part of the meeting.

9/12/2023

Cruz Questions FTC's Stance on Regulating AI in Letter to Chair Khan

Sen. Ted Cruz has sent a letter to the Federal Trade Commission (FTC) Chairwoman, Lina Khan, inquiring about the agency's stance on regulating artificial intelligence (AI), citing recent actions by the FTC and Khan's commitment to monitoring deceptive AI use.

9/13/2023

Elon Musk Pushes for New Government AI Safety Agency in Washington Meetings

Tesla CEO Elon Musk suggests the need for government regulation of artificial intelligence, even proposing the creation of a Department of AI, during a gathering of tech CEOs in Washington. Senate Majority Leader Chuck Schumer and other attendees also expressed the view that government should play a role in regulating AI. The options for regulation range from a standalone department to leveraging existing agencies, but the debate is expected to continue in the coming months.

9/22/2023

FTC Poised to File Major Antitrust Lawsuit Against Amazon

The Federal Trade Commission is expected to file an antitrust case against Amazon's online retail operations, potentially leading to a court-ordered restructuring of the company and defining the legacy of FTC Chair Lina Khan.

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Posted 9/27/2023, 7:28:37 PM