U.S. Antitrust Regulator Says Generative AI 'Raises Competition Concerns'; U.S. Federal Trade Commission Says In Blog That Its Competition Bureau Is Working To Ensure 'Open And Fair Competition'
Portfolio Pulse from Happy Mohamed
The U.S. Federal Trade Commission (FTC) has expressed concerns over generative AI, stating that it could potentially raise competition concerns. The FTC's Competition Bureau is working to ensure open and fair competition in this area.
June 29, 2023 | 4:12 pm
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The FTC's concerns over generative AI could potentially impact companies within the S&P 500 (SPY) that are heavily invested in AI technology.
The FTC's concerns over generative AI could lead to increased regulatory scrutiny and potential restrictions on AI technology. This could negatively impact companies within the S&P 500 that are heavily invested in AI, potentially leading to a decrease in their stock prices.
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