Tag: Antitrust

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FTC Alerts Congress of AI’s Potential to Amplify Fraud Schemes and Scams

At a recent FTC hearing, Commissioner Lina Khan expressed concerns about the potential risks of modern AI technologies such as ChatGPT. The Commission has taken steps to protect consumers from fraudulent practices potentially stemming from the use of such technologies, and launched the Office of Technology to assist with consumer protection. Commissioner Rebecca Slaughter followed Khan's remarks, highlighting the FTC's ability to adapt to new technologies. The company mentioned in this article was Opendoor, and the FTC warned them against deceptive claims related to the sale of homes.

FTC Alerts Congress of AI’s Potential to Amplify Fraud Schemes and Scams

End users beware: the FTC’s warning that advanced AI technology, like ChatGPT, could be used to “turbocharge” fraud and scams is a stark reminder of the risks posed by this tech. FTC Chair Lina Khan and fellow commissioners outline strategies to protect against these threats and promote a safe, well-regulated economic environment.

Delayed Innovations by Google Take a Hit as DOJ Steps In

. This article provides an overview of the dispute between the Justice Department and Google over the search engine's alleged monopoly. Google has argued that their agreement with Apple to be the default search engine on Safari has generated competition. The Justice Department has called for Google's exclusivity from contracts to be eliminated, in turn allowing potential competitors to bid for access to different platforms. Expect a ruling from Judge Amit Mehta this summer.

Google’s Monopoly Delayed Innovation Such as ChatGPT: US Justice Dept Findings

. Discover how ChatGPT, a revolutionary AI-Chat technology, was held back by Google's search monopoly, as revealed by US Justice Department lead lawyer, Kenneth Dintzer. An antitrust lawsuit awaits Google, John Schmidtlein denies wrongdoing, but the impact of Google's influence is felt worldwide. Follow this story to learn more about this antitrust battle and the future of innovation.

Google’s Monopoly Delayed Innovations such as ChatGPT: US Department of Justice Speaks Out

Google is the world's largest search engine with a 92% market share, yet its monopolized nature has greatly delayed the release of technology like ChatGPT. The DOJ argued that having a fair competition could have allowed the release of these chatbot technologies earlier. Google requested a judge to reject two antitrust lawsuits brought by the DOJ and state attorneys general, which allege its preloaded agreements violate antitrust laws. Judge Amit Mehta will soon cast his ruling regarding this case.

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