Lina Khan – pressnews

What you won’t learn about Amazon from FTC’s new antitrust suit

27Sep

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Technology

What you won’t learn about Amazon from FTC’s new antitrust suit

[ad_1] The Federal Trade Commission's blockbuster antitrust lawsuit against Amazon.com Inc. alleges a far-reaching monopolistic scheme to stifle competition across online marketplaces and harm US consumers and businesses.But anyone hoping to immediately drill down into data about Amazon's operations — details about its Prime subscriber base, profits, and internal operations, for example — will be disappointed. The lawsuit filed Tuesday in federal court in Seattle is rife with black redaction bars. That can be typical in the first public version of a case that pulls evidence from business records marked as confidential when investigators receive them. More information could see daylight as the litigation unfolds, however. The commission has asked a judge to unseal redacted sections withi...

OpenAI’s ChatGPT Bot Probed by FTC Over Consumer Harms

[ad_1] The US Federal Trade Commission has opened an investigation into OpenAI Inc., questioning whether its popular ChatGPT conversational AI bot puts consumers' reputations and data at risk, according to a person familiar with the matter.The probe into the Microsoft Corp. -backed startup marks the first official inquiry into a technology that has the potential to change almost every aspect of people's lives and has become almost equally as fascinating for its potential to run awry. FTC Chair Lina Khan, who testified before Congress Thursday, has raised concerns about AI before, saying enforcers “need to be vigilant early” with transformative tools like artificial intelligence. Microsoft and OpenAI declined to comment. The Washington Post earlier reported on the FTC's probe. The FTC's ...

Lina Khan is coming for Amazon, armed with an FTC antitrust suit

[ad_1] Lina Khan's Federal Trade Commission has already filed three cases against Amazon.com Inc. Now she's gearing up for the Big One.In the coming weeks, the agency plans to file a far-reaching antitrust suit focused on Amazon's core online marketplace, according to documents reviewed by Bloomberg and three people familiar with the case. The main allegation is expected to be that Amazon leverages its power to reward online merchants that use its logistics services and punish those who don't. FTC investigators and Khan's office have been honing the complaint for several months, two of the people said, and finalizing key details such as where to file suit. Khan and her colleagues are keen to file before personnel changes in August, according to the people, who cautioned that the timing ...