Breaking: US FTC Probing ChatGPT Over False Information

Crypto Market News: The United States Federal Trade Commission (FTC) had reportedly sent a letter to OpenAI, the company behind the highly popular artificial intelligence based chatbot ChatGPT, over claims that the system published fake information. The agency claims that the company might have potentially violated consumer protection laws with the publishing of inaccurate data, according to latest reports. This marks the first ever major regulatory scrutiny on the artificial intelligence based tech products, at a time when industry giants like Microsoft, Google and Amazon are competing for the next big thing in the AI space.

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FTC Writes To OpenAI On Probe

According to a Wall Street Journal report, the commission is probing whether or not ChatGPT violated laws by publishing false information. This was communicated to the company via a letter the FTC sent, the report said. The FTC has sent a lengthy document asking OpenAI for the measures it took to mitigate risks around the AI models. At the core of the investigation is the question of whether or not the ChatGPT published data cause damage to its customers’ reputation.

Earlier, a group of industry experts including billionaire Elon Musk, called for a halt in AI development, although he later admitted that it will not materialize into a halt. In a recent, Musk said even China was willing to work shoulder to shoulder with international forums in deciding on an AI regulatory framework. He also warned that the technology is potentially dangerous on a civilizational level, and that the governments should approach this with an ‘Insight and Oversight’ policy, meaning that the lawmakers should first understand how AI works and then regulate the industry.

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