FTC stakes out turf as top AI cop: 'Prepared to use all our tools'

FOX Business correspondent Lydia Hu has the latest on jobs at risk as AI further develops on "America's Newsroom." The Federal Trade Commission (FTC) is making a play to be a key regulator of artificial intelligence (AI) systems, just as technology heavyweights and policymakers are clamoring for federal government oversight of AI applications. Last week's call for a moratorium on new AI development from tech giants like Elon Musk and Steve Wozniak kick-started a discussion about whether and how the government should step in and put guardrails up around potentially dangerous AI systems. Several lawmakers responded by saying a moratorium would be difficult to impose, leaving a huge gap between calls for action and the realities of how quickly Congress can act. However, the FTC has made it clear over the last week that it is prepared to bridge that gap and take a stab at regulating emerging AI systems. The federal agency tasked with policing "deceptive or unfair business practices" says it has a dog in this fight and is building up a capacity to take on the threats that AI poses to wary consumers.