According to a recent report by Reuters, the Federal Trade Commission (FTC) is committed to utilizing current laws to curb a few dangers of artificial intelligence, like enhancing the power of dominant firms and “turbocharging” fraud.
The sudden buzz in the market of Microsoft-backed OpenAI’s ChatGPT this year has led industry veterans globally to call for regulation because of concerns about its possible use for malicious activities, even as enterprises seek this technology to use it to enhance efficiency.
Read More: FTC to enforce law to curb risks of artificial intelligence
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