Chat GPT Under Federal Scrutiny

The Federal Trade Commission has taken an interest in Open AI, the company that operates Chat GPT, USA Today says.

The FTC was particularly concerned with the tendency of the AI to produce inaccurate information and data privacy concerns, including a data leak in March that could have exposed users’ personal information.

Open AI’s CEO had already appeared before Congress, where he called for more governmental regulation on AI. The impact it could have on reducing jobs, something Tucker Carlson had already sounded the alarm on, is great. Producing inaccurate information and generally automating tasks also could have ethical implications if not properly monitored.

While AI’s impact could produce unknown issues with the economy in the future, calls to regulate by the industry itself is a common practice to lock down market share. Burdensome regulations can prevent new players from emerging, solidifying leads that pioneer companies have already made.

The FTC chair, Lina Khan, already has her hands full with challenges to Amazon’s alleged monopolistic practices. Congress itself has not yet regulated AI, though the European Union is already moving forward with laws to place guardrails around it.

 

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