Officials were in agreement that regulators must work hard to combat any wrongdoing concerning biased or fraudulent AI instruments. Apart from the publicized implementation of automated programs which introduce favoritism into decisions related to renting, financing, job offers, and productivity oversight, Khan also mentioned that more advanced AI tools created for producing synthetic content bring another major threat.
Expressing his worry, Khan pointed out the potential of AI tools to be misused by scammers. He emphasized how such technology can be used to create misleading content and target certain groups on a massive scale.
Khan expressed concern about a few might firms monopolizing the resources, such as raw materials, data, cloud services, and computing power, that are vital for creating and using AI products. As a result, Khan mentioned that maybe the FTC could use its antitrust authority to preserve competition in this area.
“In moments of technological disruption, established players and incumbents may be tempted to crush, absorb or otherwise unlawfully restrain new entrants in order to maintain their dominance.”
Khan’s statement has sparked an intensification of the competition between tech giants such as Google and Microsoft, who are battling to advance their AI products. The influential figure refused to specify particular companies or items, however, her words could certainly add to the pressure already felt in the industry.
In response to ongoing talks among European Union lawmakers regarding regulations for artificial intelligence, American authorities have delivered warnings about such technology. This has spurred calls for similar legislation in America.
Khan was adamant that legal protections in place for civil rights and prevention of fraudulent activity still apply to artificial intelligence products, regardless of their potential for harm. She sternly declared that “there is no AI exemption to existing laws.”
