Federal Trade Commission Chair Lina Khan said her agency has the existing authority to regulate companies developing artificial intelligence, warning the agency will go after businesses if they are engaging in anticompetitive practices in the nascent field.
Khan, speaking at POLITICO’s AI and Tech Summit Wednesday, said existing FTC statutes prohibit unfair practices. She said the FTC wants “to make sure the market understands there is no AI exemptions to the laws on the books. It’s no secret that there are defendants that are pushing certain arguments about FTC’s authority.
Last week, the two GOP nominees to the Federal Trade Commission, Melissa Holyoak and Andrew Ferguson, said in their
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