- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-05-02T19:30:00
Companies developing novel artificial intelligence (AI) tools might want to think carefully before laying off ethics personnel, an attorney with the Federal Trade Commission (FTC) warned.
The agency is closely tracking company use of AI tools for possible rule violations involving deception, discrimination, excessive manipulation, or unfairness, wrote Michael Atleson, an attorney in the FTC’s Division of Advertising Practices, in a blog post Monday.
Companies are now using chatbots and generative AI tools to influence people’s behavior, beliefs, and emotions. The FTC is likely to get involved if a chatbot directs people “unfairly or deceptively” into harmful decisions regarding finances, health, education, housing, and/or employment, Atleson said.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
The Federal Trade Commission approved a measure streamlining its ability to issue civil investigative demands in investigations relating to artificial intelligence use.
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
Securities and Exchange Commission Chair Gary Gensler will step down from his position as the top U.S. regulator of Wall Street when Donald Trump is sworn in as president on Jan. 20, ending weeks of speculation about his future.
President-elect Donald Trump announced he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
If your business uses leather, rubber, wood, beef, palm oil, soy, or paper, then you may need to comply with the EU Deforestation Directive, a new rule intended to ensure that no goods traded in the EU contribute to global deforestation.
