FTC member says agency will avoid “excessive regulation” of AI companies

It is reported that, at the International Association of Privacy Professionals’ annual conference, Federal Trade Commission (FTC) member Melissa Holyoak said that the FTC under the leadership of current chairman Andrew Ferguson “will promote AI growth and innovation, not hamper it with misguided enforcement actions or excessive regulation”. Holyoak also said the FTC (1) is seeking to create a “predictable” regulatory and enforcement ecosystem that promotes innovation; (2) will consider “alternatives to such regulations that are better suited to balancing privacy concerns with interest in fostering innovation and competition”; and (3) will continue to focus privacy enforcement efforts on data brokers selling Americans’ location data, with a particular emphasis on those peddling the data to foreign adversaries.

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