Biden Administration Warns of Cracking Down on Harmful AI Business Practices

AI For Business


US federal agencies announced Tuesday their intention to crack down on automated systems that can lead to harmful business practices, including unlawful prejudice and discrimination.

In a joint statement, the agencies, including the Federal Trade Commission and the Department of Justice, said, “Automated systems are on the rise, impacting civil rights and ensuring fairness, equality, and justice that are becoming increasingly commonplace in everyday life. We will uphold the basic principles of justice.” , fair competition, consumer protection, equal opportunity”

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In a joint statement, the agencies said AI can be beneficial in providing insights, breakthroughs, efficiencies, and low costs, but it also “perpetuates unlawful prejudice and discriminates against unlawful discrimination.” It could be automated and produce other harmful consequences.”

They added that they will ensure that rapidly evolving automated systems like AI are used in a manner consistent with US federal law.

FTC Chairman Lina Khan said in a statement, “We already understand how AI tools can accelerate fraud and automate discrimination, and we have legal authority to protect Americans from these threats.” We will not hesitate to make the most of it.”

“Technological advances can lead to significant innovation, but innovation claims must not cover violations of the law. There is no AI exemption in the law. We will actively enforce laws to combat unfair practices and unfair methods of competition,” she added.

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