💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

US agency streamlines probes related to artificial intelligence

Published 11/21/2023, 04:32 PM
Updated 11/21/2023, 07:36 PM
© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters are placed on  computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) - Investigations of cases where artificial intelligence (AI) is used to break the law will be streamlined under a new process approved by the U.S. Federal Trade Commission, the agency said on Tuesday.

The move, along with other actions, highlights the FTC's interest in pursuing cases involving AI. Critics of the technology have said that it could be used to turbo-charge fraud.

The agency, which now has three Democrats, voted unanimously to make it easier for staff to issue a demand for documents as part of an investigation if it is related to AI, the agency said in a statement.

© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

In a hearing in September, Commissioner Rebecca Slaughter, a Democrat who has been nominated to another term, agreed with two Republicans nominated to the agency that the agency should focus on issues like use of AI to make phishing emails and robocalls more convincing.

The agency announced a competition last week aimed at identifying the best way to protect consumers against fraud and other harms related to voice cloning.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.