U.S. Federal Trade Commission

[ad_1] The U.S. Federal Trade Commission (FTC) is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday.The wide-ranging lawsuit is expected as soon as August and will likely challenge a host of Amazon's business practices, the report said, citing people with knowledge of the matter. The complaint could focus on challenges to Amazon Prime, Amazon rules that the FTC says block lower prices on competing websites, and policies it believes force merchants to use Amazon's logistics and advertising services, the report said. The commission has interviewed dozens of witnesses both inside and outside Amazon, including CEO Andy Jassy and former CEO and founder Jeff Bezos, the report said, adding th...

[ad_1] Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive.The sudden popularity of Microsoft-backed OpenAI's ChatGPT this year has prompted calls for regulation amid concerns around the world about the possible use of the innovation for wrongdoing even as companies are seeking ways to use it to enhance efficiency. In a congressional hearing, FTC Chair Lina Khan and Commissioners Rebecca Slaughter and Alvaro Bedoya were asked about concerns that recent innovation in artificial intelligence, which can be used to produce high quality deep fakes, could be used to make more effective scams or otherwise violate laws. Bedoya said companies using algorithms or a...

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FTC readies lawsuit that could break up Amazon – Politico

US will target AI that violates civil rights or is deceptive