ftc - Tech News from Simmons Systems

Tech News from Simmons Systems

ftc

A collection of 104 posts

FTC Advances Rulemaking to Curb Commercial Surveillance Practices

The Federal Trade Commission continues its rulemaking process to address harmful commercial surveillance and lax data security practices across the tech industry. This ongoing effort aims to establish strict new guidelines for how companies collect and handle consumer data.

California Legislature Approves First US AI Chatbot Safety Regulations

California passes SB 243, the first state law requiring AI chatbot safeguards and granting families legal recourse against negligent developers. The bill heads to Governor Newsom as federal regulators simultaneously investigate chatbot harms to minors.

FTC Launches Preliminary Antitrust Review of Microsoft's OpenAI Investment

The Federal Trade Commission examines whether Microsoft's $13 billion investment in OpenAI violates antitrust laws, though a formal investigation remains unopened. UK regulators simultaneously gather information to evaluate potential competition threats from the deep partnership.

FTC Chair Warns Artificial Intelligence Models Risk Breaking Antitrust Laws

The head of the Federal Trade Commission cautions that major AI developers potentially violate antitrust regulations through their market dominance. The agency actively investigates whether these companies stifle competition in the rapidly growing tech sector.

Federal Trade Commission Opens Investigation Into ChatGPT Practices

The FTC launches a formal investigation into ChatGPT to examine potential consumer harms and data privacy risks. This probe signals increasing government scrutiny over how artificial intelligence companies handle user information.

FTC Probes OpenAI Over ChatGPT Privacy and Consumer Risks

The Federal Trade Commission opens a sweeping investigation into OpenAI, demanding details on how it trains its large language models and handles consumer data. The probe focuses on potential unfair or deceptive practices related to privacy, security, and algorithmic bias.

FTC Enforces Existing Consumer Laws to Regulate AI Bias

The Federal Trade Commission is actively applying existing consumer protection and anti-discrimination laws to regulate artificial intelligence. The agency specifically warns companies against deploying biased algorithms and demands transparency in AI training data.

Microsoft Completes Record $75.4 Billion Activision Blizzard Acquisition

Microsoft finalizes its historic $75.4 billion purchase of Activision Blizzard, making it the largest video game acquisition in history. The deal brings major franchises like Call of Duty and World of Warcraft under the Microsoft Gaming division.

Nvidia Completes $5 Billion Investment in Struggling Intel

Nvidia finalizes its $5 billion purchase of over 214 million Intel shares at $23.28 each after receiving U.S. antitrust approval. The massive private placement provides a critical financial lifeline to Intel following years of costly expansion efforts.

Democratic Senators Urge FTC to Investigate AI Summaries as Anticompetitive

A group of senators led by Amy Klobuchar asks federal regulators to examine whether AI-generated content summaries harm publishers and violate antitrust laws. They argue that dominant platforms force creators to either surrender their work to AI or lose essential search traffic.

US FTC Investigates Amazon's Acquisition of Adept AI Executives

Federal regulators examine Amazon's recent hiring of top executives from AI startup Adept, signaling increased antitrust scrutiny over big tech talent acquisitions. The probe seeks to determine if the move functions as an illegal merger to eliminate market competition.

Apple Abandons OpenAI Board Observer Role Over Antitrust Concerns

Apple officially steps back from an planned observer seat on OpenAI's board due to mounting regulatory scrutiny. The AI partnership will proceed with ChatGPT integration in upcoming Apple operating systems.