FTC Chair Lina Khan Says She’s On Alert For Abusive A.I Use

Artificial intelligence (AI) has become a powerful tool for businesses, but it can also be used to manipulate consumers and violate their rights. That’s why Federal Trade Commission (FTC) chair Lina Khan is on alert for any potential abuses of AI technology.
Khan recently spoke at the Aspen Ideas Festival about her concerns regarding the misuse of AI by companies. She said that while she believes in the power of technology to improve lives, she is aware that it can also be used as a weapon against consumers if not properly regulated.
She noted that many companies are using AI algorithms to target vulnerable populations with predatory products or services, such as payday loans or high-interest credit cards. This type of targeting can lead to financial exploitation and other harms if left unchecked.
The FTC chair also expressed concern over how data collected through AI technologies could be used to discriminate against certain groups or individuals based on race, gender, age, religion or sexual orientation. She warned that this kind of discrimination could have serious consequences for those affected by it and must be addressed quickly before it becomes an even bigger problem.
Finally, Khan highlighted the need for greater transparency when it comes to how companies use AI algorithms and what data they collect from users in order to make decisions about them. She argued that without proper oversight and regulation, these practices could lead to further consumer harm down the line if not monitored closely enough now.
In conclusion, Lina Khan made clear her commitment towards ensuring fair treatment of all consumers regardless of their background when using artificial intelligence technologies in business operations today – something which should give us all hope going forward into a more digital future where we know our rights will remain protected no matter what form technology takes next!
|FTC Chair Lina Khan Says She’s On Alert For Abusive A.I Use|Technology|CNBC