Microsoft stunned the tech world on Tuesday when it announced that it has hired Mustafa Suleyman, the cofounder of $4 billion AI startup Inflection, to run Microsoft’s AI operations. Karén Simonyan, …
Microsoft engineer warns company’s AI tool creates violent, sexual images, ignores copyrights
On a late night in December, Shane Jones, an artificial intelligence engineer at Microsoft, felt sickened by the images popping up on his computer. Jones was noodling with Copilot Designer, the AI …
FTC Wants to Penalize Companies for Use of AI in Impersonation
The US Federal Trade Commission moved to put new rules into place around impersonation, citing the rising threat of scams enabled by generative artificial intelligence. The agency is seeking public …
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The FTC is investigating whether ChatGPT harms consumers
The Federal Trade Commission has opened an expansive investigation into OpenAI, probing whether the maker of the popular ChatGPT bot has run afoul of consumer protection laws by putting personal …
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It is Time to Declare War on Spoofers
The time has come for the United States to mount a major effort to combat the scourge of spoofing, which is being used by organized crime syndicates to steal billions from US citizens. A new analysis …
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Investment Scams Drive $9bn in Fraud in 2022
New data from the FTC reveals that Americans lost $8.8 billion to fraud last year, with investment scams accounting for almost half of the figure. The consumer protection agency reported that …
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US consumer watchdog probes crypto firms over deceptive ads
Several crypto firms are facing a probe from the United States Federal Trade Commission (FTC) over possible deceptive or misleading advertisements relating to cryptocurrencies. According to a Dec. 6 …
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FTC Takes Enforcement Action Against EdTech Giant Chegg
The Federal Trade commission (FTC) has filed legal action against Chegg, a popular EdTech player, due to allegations that the firm has not protected its customers from data breaches. Chegg has …
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FTC Blames Meta for Over Half of all Social Media Crypto Scams
Social media is taking the blame for yet another of the world's significant problems, as the Federal Trade Commission (FTC) is putting the onus for the $1 billion lost to cryptocurrency scams on the …
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Reports show scammers cashing in on crypto craze
From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately. Although it’s yet to become a mainstream payment method, reports to the FTC show it’s an alarmingly common method for …
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