The rapidly growing artificial intelligence industry is due to experience tighter government oversight. With the Federal Trade Commission (FTC) monitoring the business practices of companies like OpenAI and Microsoft and the Justice Department's antitrust division ensuring fair competition within the sector, the US stands to correct course on regulating AI.
In a June 2024 interview with CBS Moneywatch, Olivier Toubia, Glaubinger Professor of Business, expressed his concerns for the lack of regulation, citing that we have been “letting for-profit firms really shape our values as a society." Toubia described the act of businesses creating tools that influence actions and behavior as “frightening.” Toubia has also contributed to previous articles about AI for Quartz, Marketplace, Quirks, and more.
Learn more about how the government plans to oversee the AI ecosystem and prevent monopolies in this ever-expanding industry.
