The US Federal Trade Commission has initiated an investigation into OpenAI Inc., raising concerns about potential risks to consumer data and reputations posed by its ChatGPT conversational AI bot. This regulatory probe reflects the increasing need for ethical AI practices and responsible innovation, potentially impacting the broader AI sector.
14 July 2023 – The US Federal Trade Commission (FTC) has launched an investigation into OpenAI Inc., the company responsible for the popular ChatGPT conversational AI bot, over concerns regarding potential risks to consumer data and reputations. This regulatory inquiry signifies the growing need for ethical and responsible operation within the AI industry and could have broader implications for AI innovation as a whole.
The FTC’s investigation into OpenAI, backed by Microsoft Corp., marks a significant development for the company and the wider AI sector. OpenAI’s ChatGPT app, built upon a large language model trained on extensive internet text, has spurred competition among various industries to develop their own chatbots. As regulators become more proactive in ensuring ethical and responsible AI practices, OpenAI’s probe could shape the future of AI innovation. – source: Bloomberg