Tag: FTC

Amazon fined $25m for violating COPPA rules with Alexa and Echo. FTC & DOJ claim Amazon retained sensitive data for profit, putting children's privacy at risk. Proposed federal court order mandates data deletion.

Amazon agrees to pay $25 million to the FTC for violating the Children’s Online Privacy Protection Act. Alexa's data retention practices were found to be in violation. Amazon will implement stronger privacy safeguards. #AmazonFTCsettlement

Regulators are taking action to protect consumers and workers from the rapidly evolving Artificial Intelligence technology. The CFPB, FTC, EEOC, DOJ, and OpenAI are all dedicated to mitigating the risks of this powerful technology. Government and industry collaboration is essential for regulating AI and preventing any negative impact on people.

Discover how Microsoft and Slack are leading the way in AI swith their unique features and collaborations. OpenAI's ChatGPT, growing rapidly in 2021, is also gaining attention with global calls for regulation due to its potential for misuse. Learn more on the potential impacts of ethical AI technology.

The US Federal Trade Commission (FTC) is tackling the potential misuse of AI-based technologies, such as ChatGPT, to commit fraud or scams. FTC Chair Lina Khan said the agency is ready to use its current laws against unfair and deceptive practices to hold companies accountable if they misuse the technology. Nasdaq's President and CEO Adena Friedman noted that while AI can be used for the good of society, it must be regulated and used responsibly. Expect the FTC to enforce laws to protect American consumers from misuse of AI technology.