The US Department of Justice, FTC (Federal Trade Commission), CFPB and EEOC are putting pressure on AI companies. According to statements, no need to create new laws to regulate instruments. Any company that perpetuates fraud or unlawful bias may be subject to FTC sanctions, regardless of whether the person responsible for the issue is an artificial intelligence.

The warning comes amid congressional discussions about taking steps to protect Americans from potential AI risks. With the exponential development of tools like generative AI or chatbots like OpenAI’s ChatGPT, the Senate is organizing to structure AI legislation. FTC Chair Lina Khan (highlighted in the image above) states that agencies such as the Federal Trade Commission have the legal authority to deal with the harm caused by AI.. “Companies should be aware that systems that enforce fraud or perpetuate illegal bias may violate the FTC Act. There are no exceptions for AI in the laws.”

Pressure on AI

Authorities categorically point to the existence of tools to combat the misuse of AI even before legislation is ready. The CFPB (Department of Consumer Financial Protection) is investigating a digital redline in the real estate sector using AI. The practice creates mechanisms that isolate and perpetuate inequalities in already marginalized groups, through digital technology and in the real estate sector, this leads to a decrease in the speculative value of entire areas.

Rohit Chopra, director of CFPB, said that even if AI is implemented, the law does not provide for exceptions for companies. “Under our country’s civil rights laws, there are no exceptions for new technologies and artificial intelligence that involve unlawful discrimination.” Lina Khan also sought to signal that the body is ready to prosecute companies found guilty of illegal acts.

In addition, the regulators also say that Congress must speed up its actions. “I think it’s important for Congress to look into this. I absolutely don’t want the fact that I think we have some pretty solid tools to solve some of the problems we’re facing to in any way detract from these important conversations,” Charlotte commented. Burroughs, President of the EEOC.

Regulators reaffirm their role in protecting the interests of Americans, while hindering the development of technology. In their opinion, regulation and enforcement is necessary to stop the threats posed by AI.

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Source: CNNBC.

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