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Tag Archives: ftc

OpenAI May Be Welcoming Probe after AI Non-Profit Filed Complaint with FTC

Besides the complaint filed by the Center for AI and Digital Policy that may stir the probe of OpenAI, there is a number of other targeted efforts to stifle the development of AI systems across the board. OpenAI, the fast-growing Artificial Intelligence (AI) startup behind the popular platform, ChatGPT may be welcoming a probe from the Federal Trade Commission (FTC) for the violation of section five of the FTC Act that targets deceptive and unfair practices. The probe might be triggered...

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FTC Says ‘No’ to Meta Owning the Metaverse

Meta Platforms, Inc., doing business as Meta and formerly named Facebook. A lot of the big themes of the past week are similar to what we’ve been seeing throughout this crypto bear. In the US, markets reacted to another 75 basis point rate hike from the Fed, even as GDP was negative for the second quarter in a row – one of the basic definitions of a recession. Surprisingly, they saw the Fed’s actions as a dovish turn, with the best two-day rally off...

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