This article first appeared on GuruFocus.
The Federal Trade Commission is looking into some of the biggest AI chatbot companies, such as Alphabet (GOOGL, Financials), Meta Platforms (META, Financials ), and OpenAI. The agency wants to see how companies check for threats, protect user data, and make money from chatbot conversations. Snap (SNAP, Financials), Character. The investigation also looked into AI and xAI. The decision comes after lawsuits and concerns of safety problems, such as claims that talking to chatbots led to young suicides. Character. AI and Snap stated they will work with regulators, but Meta didn’t say anything. As companies try to make money off of generative AI, the FTC’s investigation shows that there is more and more control of the technology.
