wow, i would not have imagined a gov't agency to be agile enough to release something like this. i'm kind of impressed. here's to hoping this isn't just all bark and there's some actual teeth to his.
The language is not bureaucratic, its elegant, precise, and clear. Like written by a passionate person who cares about the topic, rather than a government drone.
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> Write a press release from the FTC that warns companies to be careful of promises using "AI".
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FOR IMMEDIATE RELEASE
FTC Warns Companies to be Careful of Promises using "AI"
Washington, D.C. - The Federal Trade Commission (FTC) is warning companies that use artificial intelligence (AI) to be careful of making promises that they cannot keep. The FTC has received reports of companies making misleading claims about their products or services that use AI, leading consumers to believe that they are getting something that they are not.
AI has become an increasingly popular buzzword in the business world, with companies eager to capitalize on its potential benefits. However, the FTC is concerned that some companies are using the term "AI" in a misleading or deceptive way. This could be seen as a violation of the FTC Act, which prohibits unfair or deceptive acts or practices in commerce.
In particular, the FTC is concerned about companies that make claims about their AI products or services that are not supported by evidence. For example, a company might claim that its AI-powered product can make accurate predictions about future events or can diagnose diseases with high accuracy. If these claims are not based on sound scientific evidence, they could be deceptive and potentially harmful to consumers.
The FTC is urging companies to be transparent about the capabilities and limitations of their AI products and services. This includes being upfront about how their algorithms work, what data they use, and what kinds of errors or biases might be present. Companies should also be cautious about making sweeping claims that cannot be substantiated.
The FTC is committed to protecting consumers from deceptive or unfair practices, including those related to AI. Companies that make false or misleading claims about their AI products or services could face legal action, including fines and injunctions.
Consumers who believe they have been misled by a company's claims about its AI products or services can file a complaint with the FTC at ftc.gov/complaint.
Contact:
FTC Office of Public Affairs 202-326-2180
> The Federal Trade Commission (FTC) has issued a warning to companies using the term "artificial intelligence" in advertising, highlighting that some AI products might not work as advertised. The FTC stated that AI hype is playing out in many products, from toys to cars, and chatbots, and companies should ensure they are not making false or unsubstantiated claims about a product's efficacy. The regulator is asking companies using AI in their advertising to ensure that they are not exaggerating what their AI product can do, promising that their AI product does something better than a non-AI product without adequate proof, or are aware of the risks. Additionally, the FTC is asking if the product actually uses AI at all, noting that merely using an AI tool in the development process is not the same as a product having AI in it. Advertisers should refer to the FTC's earlier AI guidance, which emphasized fairness and equity while cautioning against overpromising what an AI-based tool can deliver.
https://www.fdic.gov/news/financial-institution-letters/2017...
https://occ.gov/publications-and-resources/publications/comp...
Let's see what the article says:
> When you talk about AI in your advertising, the FTC may be wondering, among other things: (...)
Just "wondering", no teeth.
The FTC is actually pretty good about doing things like this when a wave of similar types of borderline business practices erupt.
I would say hot & cold, and often driven by policy focus of the Administration (or at least the FTC majority, which is influenced by the party in the executive, but not necessarily completely aligned with the executive in detail.)
It's $10,000 if you buy now, but we'll be raising prices to $15,000 by June.
And yes, it will just be a worst version of the latest ChatGPT, but I'll hide it in a black box and continually tell you that it's so far ahead of the competition, we can't even see them in the rear view mirror!
Then, my next thought was:
Who (in industry) wrote this? (and got FTC to publish it? wanting to drive some agenda forward).