US Regulators Say They Already Have Power to Crack Down on AI Misuse, Warn Firms to Comply With Laws

5Mind. The Meme Platform
The Epoch Times Header

A number of federal government agencies said on April 25 that they have the power to prevent unlawful “bias in algorithms and technologies” marketed as artificial intelligence (AI).

In a joint statement, four federal agencies—The Civil Rights Division of the United States Department of Justice, the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and the U.S. Equal Employment Opportunity Commission (EEOC)—noted that artificial intelligence is fast becoming mainstream in society.

The agencies pointed to AI use by both private and public entities to make “critical decisions that impact individuals’ rights and opportunities, including fair and equal access to a job, housing, credit opportunities, and other goods and services.”

However, they stressed that while such tools provide technological advancement, “their use also has the potential to perpetuate unlawful bias, automate unlawful discrimination, and produce other harmful outcomes.”

The four agencies then pointed to a number of steps they have already taken to protect American consumers from some of the negative aspects of increasingly more advanced AI, such as abusive use of the technology, repeat offenders’ use of AI technology, the utilization of algorithmic marketing and advertising and “Black box” algorithms, in which the internal workings are not clear to most people, including, in some cases, the developers themselves.

They went on to warn that companies that are already utilizing AI technology must do so in compliance with laws and regulations currently in place.

AI Tools Can ‘Turbocharge’ Fraud, Discrimination

“We already see how AI tools can turbocharge fraud and automate discrimination, and we won’t hesitate to use the full scope of our legal authorities to protect Americans from these threats,” said FTC Chair Lina M. Khan. “Technological advances can deliver critical innovation—but claims of innovation must not be cover for lawbreaking. There is no AI exemption to the laws on the books, and the FTC will vigorously enforce the law to combat unfair or deceptive practices or unfair methods of competition.”

By Katabella Roberts

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

24/7 LGBTQ+ TV Station Applies For License Two Weeks After Hungary’s ‘Far-Right’ Unseated

After Viktor Orbán’s defeat to a more EU-friendly rival, the European Court of Justice struck down Hungary’s Child Protection Law.

The Dirty Dozen: Will the Destroyer of Society Please Stand Up

Everyone seems to be searching for the one thing that is destroying society, as if there were a single cause that could be identified, isolated, and addressed.

Blue-White’s economic engine

Penn State’s Blue-White game shows how a university, its town, and business leaders turn a simple spring football practice into an economic engine.

Will Obama and Clinton Face Justice?    

There is interesting, even earth shaking, news currently being reported on, and this news can easily be seen in these three related stories.

DOJ Quietly Retracts John Brennan Subpoenas, Offers No Explanation

Greasy Deep State eel in a human skinsuit, John Brennan, may have slipped the proverbial noose once again.

US Allows Venezuela to Fund Maduro’s Defense After Court Challenge

The US will ease sanctions on Venezuela to allow its regime to pay legal fees for former Venezuelan leader Nicolás Maduro in a U.S. drug trafficking case.

Acting AG: Suspect Likely Targeted Trump, Admin Officials in Correspondents’ Dinner Shooting

President Trump and members of his administration were the likely targets of a suspect who fired on a Secret Service agent at the WHCA ​dinner in Washington.

Suspect Facing Multiple Charges After Shooting at WH Correspondents’ Dinner: DOJ

The DOJ said the suspect behind the incident at the WHCA Dinner faced at least two charges and would be arraigned after the weekend.

Secret Service Agent Shot at White House Correspondents’ Dinner: Trump

A Secret Service agent was shot but survived at the White House Correspondents’ Dinner, President Trump said during a press briefing after the incident.

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.

Trump Participates in Historic Bible-Reading Marathon to Celebrate Nation’s 250th Anniversary 

President Trump read passages from the Bible on April 21 from the Oval Office at the White House as part of the “America Reads the Bible” celebration.
spot_img

Related Articles

Popular Categories

MAGA Business Central