FTC refers Snap complaint alleging its chatbot harms young users
In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging an AI-powered chatbot is harmful to users.
Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.
US FTC refers complaint about Snapchat use of AI chatbot to Justice Department
The U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap Inc that alleges its messaging app Snapchat used an artificial-intelligence chatbot that harmed young users.
Federal Trade Commission cracks down on deceptive artificial intelligence claims | Opinion
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FTC points at partnerships between AI leaders and cloud service providers, suggesting they could be subject to antitrust scrutiny
A staff report released Friday by the FTC suggested partnerships between OpenAI and Microsoft, and Amazon and Anthropic, raise antitrust concerns.
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Snapchat referred to Justice Department for 'risks and harms' of My AI chatbot, FTC says
Snap, the owners of social media app Snapchat, has been referred to the Department of Justice because of allegedly causing "risks and harms" to young users
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Snap Shares Fell As FTC Refers Complaint To The DOJ
Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice. TakeAway Points: The company’s stock fell 5% after the Federal Trade Commission announced that it would forward a complaint against Snap to the Department of Justice.
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Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
The FTC's non-public complaint involves allegations that Snapchat's My AI chatbot poses "risks and harms to young users," the commission said in a statement. FTC commissioner Andrew Ferguson ...
Microsoft-OpenAI Partnership Raises Antitrust Concerns, FTC Says
Microsoft Corp.’s $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market, the Federal Trade Commission said in a report released Friday.
FTC says partnerships like Microsoft-OpenAI raise antitrust concerns
The Federal Trade Commission (FTC) said in a staff report issued Friday that there are potential competitive issues in partnerships between Big Tech
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The FTC’s concern about Snapchat’s My AI chatbot
On Thursday, the US Federal Trade Commission referred a complaint to the Justice Department concerning Snapchat’s artificial intelligence chatbot, My AI.
Why Snap Inc. (SNAP) Crashed Last Week
Ten companies from diverse sectors, however, ended Friday weaker, posting notable declines versus the week prior.