How to address the FTC guidance on AI today

The Federal Trade Commission (FTC) recently published a blog entitled 'Aiming for truth, fairness, and equity in your company's use of AI' that should serve as a shot across the bow for the large number of companies regulated by the FTC.  Signaling a stronger regulatory stance on deployed algorithms, the FTC highlights some of the issues with AI bias and unfair treatment and states that existing FTC regulations -- such as the Fair Credit Reporting Act, the Equal Credit Opportunity Act, and the FTC ACT -- all still apply and will be enforced with algorithmic decision-making. The FTC outlined a… [Continue Reading]