Tag: Consumer protection

Learn about the potential risks of the rapid development of chatbot technology to consumers and the warnings made by European Consumer Organisation (BEUC) and tech giants. BEUC's Ursula Pachl is calling on EU bodies to investigate the influence of chatbots on the younger generation, especially for Microsoft's AI-powered bots like Bing and the yet-unauthorized AI, TruthGPT. Learn how Microsoft is addressing AI's marketability.

The US Federal Trade Commission (FTC) is fighting against frauds by warning us about the risks associated with modern AI technologies like ChatGPT. Chair Lina Khan, a Yale Law school graduate, is leading the organization in a safer, more technologically savvy direction. Let's join forces with the FTC to make a more secure and efficient marketplace for everyone.

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.

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.

As the European Union debates instituting a ban on certain chatbots, the conversation around AI regulation has taken center stage, fueled by the Italian data protection authority's decision to temporarily ban OpenAI's ChatGPT chatbot. OpenAI has since strengthened its privacy commitment, as Spain and France join the debate on the proposed AI Act. Questions still abound as to whether ChatGPT falls under this proposed regulation; however, all parties agree that the positive properties of AI in a digital society should be embraced, with an eye towards the need for accountability.