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Artificial intelligence (AI) is increasingly being used in critical sectors like finance, raising concerns about its trustworthiness and potential impact on global financial stability. The Federal Trade Commission (FTC) has warned about the regulatory challenges posed by AI, including the potential for scams and copyright infringement. However, AI is also expected to drive significant economic growth, with estimates suggesting it could contribute $13 trillion to global GDP by 2030. Goldman Sachs Research predicts that AI will automate around 25% of labor in advanced economies, potentially boosting economic growth. U.S. SEC Chair Gary Gensler has cautioned that the increased use of AI could lead to financial instability. The FTC and SEC are both actively monitoring AI's impact and taking steps to enforce antitrust laws and protect the public.
FTC interrupts Copyright Office probe to flip out over potential AI fraud, abuse https://t.co/4QF5l3YIjC
ICYMI: Crypto has more than one fraudster, SEC Chair Gary Gary Gensler says https://t.co/fyL76bfoh4
Crypto has more than one fraudster, SEC Chair Gary Gensler says https://t.co/2dGJ6SRqxI
Gensler renews warning of crypto fraud, manipulation https://t.co/7hyKWHbZxb via @pensionsnews
Crypto has more than one fraudster, SEC Chair Gary Gary Gensler says https://t.co/nuGMffgVX6
AI has the potential to automate many work tasks and eventually boost global GDP growth. Goldman Sachs Research forecasts it will start having a measurable impact on US GDP growth in 2027 and begin affecting growth in other economies shortly after. https://t.co/RXqqEjiQha https://t.co/HAYAyni8d4
U.S. SEC Chair Gary Gensler warns that increased use of AI could lead to financial instability https://t.co/SB7VGh7ppy
How artificial intelligence could upend global financial stability https://t.co/5sr7eQFWrE
In a comment submitted to the US Copyright Office, the FTC warned that generative AI has enabled potential copyright infringement and consumer deception (@bryson_m / VentureBeat) https://t.co/G8WxS2NNBV 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/fZXBybTc86
The @FTC says AI introduces “new mechanisms of violating the law," but that it will use its longstanding authority to enforce antitrust laws and protect the public. Click below to read: https://t.co/8WzwdmlanP
AI to automate around 25% of labor in advanced economies. Goldman Sachs Research suggests that generative AI is poised to significantly automate work tasks, potentially boosting global economic growth, particularly in the U.S. where its impact on GDP could be measurable by 2027.… https://t.co/0TcAVaMCDu https://t.co/RXRUXgEp6q
FTC takes shots at AI in rare filing to US Copyright Office https://t.co/bteNFIIuH9
🚀 Between now and 2030, #AI technology is expected to create an estimated $13 trillion in global GDP growth. Get a jump on the trend with our Deep Learning Playbook for #Manufacturing Industries. Download your copy 👇 https://t.co/VGoPgQuyNY
FTC Stakes Out Regulatory Role Over AI, Warning It May ‘Turbocharge’ Scams ► https://t.co/VC0Y4hplRj https://t.co/VC0Y4hplRj
How artificial intelligence could upend global financial stability https://t.co/tdFH7TlcEz
As AI increasingly infiltrates our lives, especially in critical sectors like finance, one question remains critical: Can we trust AI to make the RIGHT decisions? https://t.co/zefmq7rn4s