The #FTC’s demands of #OpenAI are the first indication of how it intends to enforce those warnings. If the FTC finds that a company violates #ConsumerProtectionLaws, it can levy #fines or put a business under a #ConsentDecree, which can dictate how the company handles data. The FTC has emerged as the federal government’s top #SiliconValley cop, bringing large fines against #Meta, #Amazon & #Twitter for alleged violations of consumer protection laws.

#ChatGPT #AI

The agency this wk sent the SF company a 20-pg demand for recs about how it addresses risks related to its #AI models….The salvo represents the most potent #regulatory threat to date to #OpenAI’s business in the US….

…the #FTC has issued multiple warnings that existing #ConsumerProtectionLaws apply to AI, even as the admin & Congress struggle to outline new #regulations. Senate Majority Leader Charles Schumer has predicted that new AI #legislation is months away.