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FTC prepares to grill AI companies over impact on children, WSJ reports - The Economic Times
Economic Times
ยท
1d ago
Medial
The US Federal Trade Commission (FTC) plans to investigate the impact of AI chatbots on children's mental health, targeting companies like OpenAI, Meta Platforms, and Character.AI for internal documents. The inquiry seeks to assess risks, ethical concerns, and safeguards in AI technology. This comes after reports of inappropriate chatbot behavior. Tech companies have begun implementing measures to prevent harmful interactions with minors, including restricting access to certain AI characters and training systems to avoid inappropriate conversations.
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Federal regulators grant antitrust probe into Microsoft, OpenAI and Nvidia
Livemint
ยท
1y ago
Medial
The US Department of Justice (DOJ) and the Federal Trade Commission (FTC) have reached a deal to investigate Nvidia, OpenAI, and Microsoft over potential antitrust concerns related to their involvement in artificial intelligence (AI). The DOJ will lead the investigation into Nvidia, the leading AI chip manufacturer, while the FTC will focus on OpenAI, in which Microsoft has made significant investments. The agreement reflects the growing regulatory scrutiny around AI technology and its impact on various aspects of society. It follows similar antitrust investigations into major tech companies in the past.
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Brazil asks Meta to remove chatbots that 'eroticise' children - The Economic Times
Economic Times
ยท
17d ago
Medial
Brazil's government has urged Meta to remove chatbots from its platforms that mimic children and engage in sexually suggestive dialogues. These bots, created using Meta's AI Studio, allegedly promote the eroticization of children. The attorney general's office issued an "extrajudicial notice" demanding immediate removal, highlighting multiple examples of inappropriate conversations. This action follows public outrage over child exploitation cases and reflects Brazil's stance on holding tech companies accountable for user-generated content.
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FTC chair alleges partisan filtering by Gmail; Google says spam filters not ideological - The Economic Times
Economic Times
ยท
8d ago
Medial
FTC Chairman Andrew Ferguson accused Gmail of partisan filtering, alleging its spam filters disproportionately block Republican emails while allowing Democratic ones. This claim was made in a letter to Google CEO Sundar Pichai. Google refuted the accusation, stating that its spam filters are non-partisan and based on objective criteria like spam reports. The FTC warned of potential investigations if regulations were violated. A previous lawsuit on similar accusations was dismissed by a judge.
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FTC can reopen Meta privacy case despite $5 billion fine, court rules
Reuters
ยท
1y ago
Medial
A U.S. appeals court has ruled that Meta (formerly Facebook) cannot prevent the Federal Trade Commission (FTC) from reopening an investigation into Facebook's privacy practices. The FTC is seeking to tighten a 2020 settlement, accusing Meta of misleading parents about protections for children and profiting from minors' data. This setback for Meta comes as the social media giant pursued a separate lawsuit challenging the constitutionality of the FTC's inquiry. Meta argues that the proposed changes would hinder its product development and corporate governance. Meanwhile, Meta is facing multiple lawsuits over allegations of addicting children to its platforms and monopolizing the personal social network market.
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US receives thousands of reports of AI-generated child abuse content in growing risk
Reuters
ยท
1y ago
Medial
The U.S. National Center for Missing and Exploited Children (NCMEC) received 4,700 reports in 2023 about child sexual exploitation content generated by AI technology. This reflects a growing concern as generative AI, which can create text and images, poses a risk for online exploitation of children. The NCMEC serves as a clearinghouse to report such content and is working with AI companies to address the issue. Child safety experts have raised alarm about the potential for abusers to use generative AI to create new images matching a child's likeness.
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AI and machine learning: Driving a global tech revolution worth trillions - The Economic Times
Economic Times
ยท
10d ago
Medial
AI and ML are revolutionizing global industries, projecting a $15.7 trillion economic impact by 2030. These technologies enhance healthcare through early disease detection, improve financial services by preventing fraud, and optimize retail with predictive analytics. AI boosts manufacturing by predicting equipment failures, increasing safety and efficiency. Despite concerns over job loss, AI is expected to create 97 million new jobs by 2025. Ethical AI use and regulation are crucial for sustained innovation and trust.
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xAI legal chief resigns due to work-life balance concerns - The Economic Times
Economic Times
ยท
27d ago
Medial
Robert Keele, the head of legal at Elon Musk's AI startup xAI, resigned after just over a year, citing philosophical differences with Musk and a desire to spend more time with his young children. Despite considering the role a dream job, Keele couldn't balance family and work commitments. His departure follows a trend of high-level exits from Musk's companies, highlighting ongoing executive turnover challenges.
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Ecological rules are economic guard rails - The Economic Times
Economic Times
ยท
2m ago
Medial
The Supreme Court invalidated a provision in the 2020 Environmental Impact Assessment (EIA) Regulations that allowed regularization of environmental norm violations, reinforcing the need to prioritize ecological well-being over economic activities. This decision aims to align environmental regulations with economic development, urging the government to establish a transparent system addressing violations. Increasing non-compliance costs can discourage breaches, ensuring ecological sustainability complements economic growth and regulatory certainty, crucial for investment and development.
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Social media users lack control over data used by AI, US FTC says
Economic Times
ยท
11m ago
Medial
The US Federal Trade Commission (FTC) has criticized social media platforms such as Meta Platforms, TikTok, Twitch, YouTube, and others for their lack of transparency and inadequate data management policies. The report highlights how these companies collect and process user data through tracking technologies, data brokers, and other means, raising concerns about privacy and potential harm to users. Data privacy, especially for young users, is a hot topic, and lawmakers are considering bills to address social media's impact on younger individuals. Meanwhile, Big Tech companies seek data to train their AI technologies, often without disclosing the deals or notifying users. The FTC also noted that some companies collected data on non-users and lacked awareness of all data collection practices.
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Explainer: Why the few big AI players worry US antitrust regulators
Economic Times
ยท
1y ago
Medial
The US Department of Justice and Federal Trade Commission (FTC) are investigating whether the practices of Big Tech companies in the artificial intelligence (AI) sector hinder competition. Concerns include the access to data used to train AI models being limited to a few players, the potential impact of AI technology on creative workers, and partnerships that may grant undue influence or privileged access. These investigations aim to ensure fair competition and prevent monopolistic practices in the rapidly growing AI industry.
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