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☆ Don’t let AI hype lead you into illegal ‘AI-washing,’ SEC chair warns companies and investment advisers
▼ + stars: | 2024-02-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Publicly traded companies that misleadingly or untruthfully promote their use of artificial intelligence risk engaging in “AI-washing” that can harm investors and run afoul of US securities law, said SEC Chair Gary Gensler in a speech on Tuesday. They also shouldn’t lie about whether they use an AI model or how they use AI in specific applications, Gensler added. One would be the intentional use of AI to facilitate securities fraud, Gensler said Tuesday. The SEC could target those who deploy AI in ways that create reckless or knowing disregard for the risks to investors, Gensler said. He said the SEC could also investigate those who place fake orders in violation of securities law, or investment advisers who place their own interests ahead of their clients’.

Persons: Gary Gensler, “ We’ve, ” Gensler, Gensler, Alvaro Bedoya Organizations: Washington CNN, Securities and Exchange Commission, Publicly, SEC, Yale Law School, Federal Trade Commission

In the 2019 agreement, Facebook, which became Meta in 2021, was required to pay $5 billion for violating an earlier agreement. The company filed a separate appeal against Judge Timothy Kelly's ruling this week that it should be an FTC judge, not a district judge, who decides that case. This new lawsuit, filed late on Wednesday, argues that it is unconstitutional for the FTC to unilaterally tighten an existing consent agreement. The Meta complaints focus on the agency's dual role of prosecuting a matter before an FTC judge. Once the FTC judge makes a decision it is the commission which votes on whether to accept it.

Persons: Yuri Gripas, Judge Timothy Kelly's, Lina Khan, Rebecca Slaughter, Alvaro Bedoya, Meta, Diane Bartz, Nick Zieminski Organizations: Federal Trade Commission, Facebook Inc, Headquarters, REUTERS, Rights, Facebook, U.S . Federal Trade Commission, Meta, FTC, Big Tech, Democratic, Thomson Locations: Washington , U.S

☆ FTC plans to hire child psychologist to guide internet rules
▼ + stars: | 2023-10-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday. FTC Chair Lina Khan backs the plan, Bedoya told the outlet, adding that he hopes it can become a reality by next fall, though the commission does not yet have a firm timeline. Surgeon General issued an advisory in May that young people's social media use poses significant mental health risks. Bedoya told The Record that it's "absolutely part of that tradition of systematically expanding our expertise." "If someone is making an allegation about mental health harms, I have no full-time staff who are experts in the psychology of it."

Persons: Alvaro Bedoya, Lina Khan, Bedoya, Douglas Farrar, I've, Aspen Institute's Vivian Schiller Organizations: Federal Trade Commission, Democratic, FTC, CNBC, ., U.S, Privacy, Technology, Georgetown University Law Center, Aspen Locations: Federal, U.S

☆ Lionel Messi scores again as Inter Miami advances to Leagues Cup Final
▼ + stars: | 2023-08-16 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —In just one month with Inter Miami, Argentine superstar Lionel Messi already has his team reaching new heights. Messi’s goal against Philadelphia was his ninth in just six games since joining Inter, scoring in each of his six matches so far to sit atop the Leagues Cup scoring chart. After Josef Martinez opened the scoring for Miami, Messi scored in the 20th minute with a low rocket from more than 30 yards out. In the other Leagues Cup semifinal Tuesday, Nashville SC defeated Monterrey 2-0 to set up a final against Miami. The Leagues Cup, an annual tournament between MLS and Mexico’s Liga MX, was expanded this year to include all teams in each league.

Persons: Lionel Messi, Messi, Gonzalo Higuain, Josef Martinez, Andre Blake, Jordi Alba, Alejandro Bedoya, David Ruiz Organizations: CNN, Inter Miami, Philadelphia Union, Miami, CONCACAF Leagues, Philadelphia, Inter, Leagues, Nashville SC, Monterrey, MLS, Liga Locations: Argentine, Spanish, Philadelphia, Nashville , Tennessee

☆ Messi magic continues as Inter Miami reach Leagues Cup final
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

[1/5] Aug 15, 2023; Chester, PA, USA; Inter Miami CF forward Lionel Messi (10) misses a shot against the Philadelphia Union the second half at Subaru Park. Mandatory Credit: Bill Streicher-USA TODAY Sports Acquire Licensing RightsAug 15 (Reuters) - Lionel Messi notched his ninth goal in six matches as Inter Miami crushed Philadelphia Union 4-1 to reach the Leagues Cup final on Tuesday. Philadelphia, who made the MLS Cup final last year and have a dominant record at home, were poised to be Miami's biggest test since the latter added the Argentinean striker to their roster last month. Miami will face either CF Monterrey or Nashville SC, who play later on Tuesday, in Saturday's Leagues Cup final, Miami's first final appearance in club history. The win also mean Miami will play in their first ever CONCACAF Champions League next year.

Persons: Lionel Messi, Bill Streicher, Josef Martinez, Serhiy Kryvtsov, Messi, Martinez, Andre Blake, Jordi Alba, Alejandro Bedoya, David Ruiz, Miami's, Rory Carroll, Muralikumar Organizations: Inter Miami CF, Philadelphia Union, Subaru Park, Inter Miami, Philadelphia, Leagues, MLS, Miami, Union, CF Monterrey, Nashville SC, Saturday's Leagues, CONCACAF Champions League, Thomson Locations: Chester , PA, USA, Philadelphia, Miami, Los Angeles

☆ Russo's second-half goal lifts England into World Cup semi-finals
▼ + stars: | 2023-08-12 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

SYDNEY, Aug 12 (Reuters) - Alessia Russo's second-half goal lifted England to a thrilling 2-1 quarter-final victory over Colombia on Saturday and into the Women's World Cup semi-finals for the third consecutive time. Lauren Hemp also scored for the European champions, who now face hosts Australia on Wednesday in Sydney for a place in their first World Cup final. "England fans can always dare to dream but we'll carry on working hard," Russo said. Lorena Bedoya Durango had an excellent chance at an equaliser with a long-range effort late in regulation time that Earps deflected over the crossbar. Eighteen-year-old Linda Caicedo, who was one of the most exciting players at the World Cup, had a last chance deep in extra time but shook her head after firing the ball over the bar.

Persons: Lauren Hemp, Russo, Leicy Santos, Lauren James, Sarina Wiegman, Sarina, Santos, Rachel Daly, Mary, Catalina Perez, Lorena Bedoya Durango, Earps, Linda Caicedo, Lori Ewing, Clare Fallon Organizations: SYDNEY, Colombia, Australia, ITV, Arsenal, Colombian, Thomson Locations: England, Sydney, Colombia, Sweden, Spain, Australia, Georgia

☆ Colombia 'dreaming big' ahead of England quarter-final
▼ + stars: | 2023-08-09 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

World number 25 Colombia are by far the lowest ranked among the quarter-finalists but captain Catalina Usme insists they can go all the way. Former finalists Brazil are usually the top South American team at the tournament but Colombia have stolen their thunder. Colombia failed to qualify for the 2019 Women's World Cup in France but have been building for the current showpiece for years by investing in youth. Saturday's quarter-final at Stadium Australia should produce another electric atmosphere, pitting the Colombian supporters against Sydney's big community of English immigrants and expats. Abadia said Colombian fans' excitement was justified.

Persons: Catalina Usme, Carolina Arias, Lorena Bedoya, Read, Usme, Nelson Abadia, Linda Caicedo, Ana Maria Guzman, Guzman, We've, Abadia, Ian Ransom, Miral Organizations: Soccer Football, FIFA, South, Jamaica, Brazil, Copa America, Real, Colombian, Thomson Locations: New Zealand, Colombia, Jamaica, Melbourne, Australia, Lorena Bedoya Durango, MELBOURNE, England, Germany, Colombian, Brazil, France, Real Madrid

☆ Amazon to Meet Regulators as U.S. Considers Possible Antitrust Suit
▼ + stars: | 2023-08-07 | by ( David Mccabe | More About David Mccabe | ) www.nytimes.com time to read: +1 min

commissioners, said the person, who spoke on the condition of anonymity because the discussions are confidential. The scheduled meetings signal that the F.T.C. is nearing a decision on whether to move forward with a lawsuit arguing that Amazon has violated antimonopoly laws. Such discussions are sometimes known as “last rites” meetings, after the prayers some Christians receive on their deathbed. As a $1.4 trillion behemoth, Amazon has turned into a major force in the economy.

Persons: Lina Khan, Rebecca Kelly Slaughter, Alvaro Bedoya Organizations: Federal Trade Commission, Amazon, Metro, Goldwyn, Mayer

☆ Women's World Cup roundup: Morocco, Colombia into knockout rounds
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Group H - Morocco v Colombia - Perth Rectangular Stadium, Perth, Australia - August 3, 2023 Morocco's Anissa Lahmari in action with Colombia's Lorena Bedoya and Daniela Montoya REUTERS/Luisa GonzalezAugust 3 - First-time participant Morocco edged Colombia 1-0 on Thursday to advance to the knockout stage in the Women's World Cup. Ranked second in the world, Germany finished with four points behind Colombia and Morocco with six points each in Group H, sending the two-time World Cup champions home early. In nine appearances in the World Cup, this is the first time Germany won't be part of the Group of 16. Colombia, which won its first two matches and finished ahead of Morocco on goal differential, will play Jamaica in Melbourne. Morocco's men became the first African or Arab nation to reach a FIFA World Cup Round of 16 in 2022.

Persons: Colombia's Lorena Bedoya, Daniela Montoya REUTERS, Luisa Gonzalez August, Anissa Lahmari, Ghizlane Chebbak's, Alexandra Popp, Popp, Cho, Manuela Vanegas Organizations: Soccer Football, FIFA, Morocco, South, Jamaica, Thomson Locations: New Zealand, Morocco, Colombia, Perth, Australia, Germany, South Korea, Brisbane, Korea, France, Melbourne

☆ Magnificent Morocco stage 1-0 Colombia coup to score unlikely knockout berth
▼ + stars: | 2023-08-03 | by ( Joel Dubber | ) www.reuters.com time to read: +2 min

I would even say that it is the prize for the talent of this team," winning coach Reynald Pedros told reporters. Colombia topped the group with six points, bettering runners-up Morocco on goal difference, while Germany and South Korea depart the tournament. Morocco, who were thumped 6-0 by Germany in their opener before beating South Korea 1-0, move on to meet France in Adelaide and Colombia play Jamaica in Melbourne on Tuesday. A frenzied finish saw end-to-end action, but the Arab nation held on to continue their fairytale start to their first World Cup campaign. Reporting by Joel Dubber in Perth; Editing by Nick Mulvenney and Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Colombia's Marcela Restrepo, Luisa Gonzalez PERTH, Anissa Lahmari's, Reynald Pedros, Colombia's Daniela Arias clumsily, Catalina Perez, Lahmari, Daniela Montoya, Lorena Bedoya Durango, Khadija Er, Rmichi, Linda Caicedo's, We've, Nelson Abadia, Joel Dubber, Nick Mulvenney, Pritha Organizations: Soccer Football, FIFA, Debutants, Anissa, South Korea, Germany, Moroccan, France, Thomson Locations: New Zealand, Morocco, Colombia, Perth, Australia, Debutants Morocco, Brisbane, Lang, Germany, South Korea, Adelaide, Jamaica, Melbourne

The FTC settlements are the agency's latest effort to hold Big Tech accountable for policies critics say place profits ahead of privacy. In its complaint against Amazon.com filed in Washington state, the FTC said that it violated rules protecting children's privacy and rules against deceiving consumers who used Alexa. In one instance in 2017, an employees of Ring viewed videos made by at least 81 female customers and Ring employees using Ring products. As part of the FTC agreement with Ring, which spans 20 years, Ring is required to disclose to customers how much access to their data the company and its contractors have. In February 2019, Ring changed its policies so that most Ring employees or contractors could only access a customer’s private video with that person’s consent.

Persons: Alvaro Bedoya, Diane Bartz, David Shepardson, Anna Driver Organizations: Federal Trade Commission, Amazon, FTC, Big Tech, Thomson Locations: Seattle, Washington

UFC 288 will stream live from Newark, New Jersey, on May 6, with bantamweight champion Aljamain Sterling set to defend his title against Henry Cejudo. The main card of UFC 288 will be a pay-per-view event, and you can order it to watch on ESPN+ for $80. How to watch UFC 288 in the USYou can watch the main event of UFC 288 on ESPN+ at 10 p.m. Ways to save on the UFC 288 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 288, you can snag a discounted package. How to watch UFC 288 in CanadaIn Canada, UFC 288 will be available to watch from multiple pay-per-view TV providers, including Bell, Rogers, Shaw, and Telus.

☆ FTC says Meta should be barred from monetizing data from younger users
▼ + stars: | 2023-05-03 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

The FTC said Meta should be banned from monetizing data it collects from younger users. In a statement on Wednesday, Meta spokesman Andy Stone called the FTC proposal “a political stunt” and vowed to contest the effort. Meta had allowed personal information to leak to apps that users of the platform were no longer using, the FTC alleged. That data sharing, the FTC claimed, contrasted with Meta’s public statements about how it cuts off a third-party app’s access to Facebook users’ information if the users stop using the third-party app for 90 days. In a statement, Bedoya said he was skeptical whether there was enough of a connection between Meta’s alleged harms and the proposed remedies to legally sustain a complete ban on monetizing the data of young users.

☆ Meta opens up its Horizon Worlds VR app to teens for the first time, prompting outcries from US lawmakers
▼ + stars: | 2023-04-19 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Meta is forging ahead with plans to let teenagers onto its virtual reality app, Horizon Worlds, despite objections from lawmakers and civil society groups that the technology could have possible unintended consequences for mental health. On Tuesday, the social media giant said children as young as 13 in Canada and the United States will gain access to Horizon Worlds for the first time in the coming weeks. Zuckerberg has pushed to spend billions developing VR hardware and software, even as Meta has scaled back significantly in other parts of its business. “Meta is despicably attempting to lure young teens to Horizon Worlds in an attempt to boost its failing platform,” said Connecticut Democratic Sen. Richard Blumenthal, who last month, along with Massachusetts Democratic Sen. Ed Markey, urged Zuckerberg to reconsider letting teens use the app. Lawmakers have previously raised alarms about the impact of some of Meta’s other products, including Instagram, on younger users.

☆ US FTC leaders will target AI that violates civil rights or is deceptive
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

Graeme Jennings/Pool via REUTERSWASHINGTON, April 18 (Reuters) - Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. Bedoya said companies using algorithms or artificial intelligence were not allowed to violate civil rights laws or break rules against unfair and deceptive acts. "It's not okay to say that your algorithm is a black box" and you can't explain it, he said. Khan agreed the newest versions of AI could be used to turbocharge fraud and scams and any wrongdoing would "should put them on the hook for FTC action." Slaughter noted that the agency had throughout its 100 year history had to adapt to changing technologies and indicated that adapting to ChatGPT and other artificial intelligence tools were no different.

☆ FTC chair Lina Khan warns AI could ‘turbocharge’ fraud and scams
▼ + stars: | 2023-04-18 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —Artificial intelligence tools such as ChatGPT could lead to a “turbocharging” of consumer harms including fraud and scams, and the US government has substantial authority to crack down on AI-driven consumer harms under existing law, members of the Federal Trade Commission said Tuesday. Addressing House lawmakers, FTC chair Lina Khan said the “turbocharging of fraud and scams that could be enabled by these tools are a serious concern.”In recent months, a new crop of AI tools have gained attention for their ability to generate convincing emails, stories and essays as well as images, audio and videos. While these tools have potential to change the way people work and create, some have also raised concerns about how they could be use to deceive by impersonating individuals. “Throughout the FTC’s history we have had to adapt our enforcement to changing technology,” said FTC Commissioners Rebecca Slaughter. “Our staff has been consistently saying our unfair and deceptive practices authority applies, our civil rights laws, fair credit, Equal Credit Opportunity Act, those apply,” said Bedoya.

Feb 14 (Reuters) - Christine Wilson, the sole Republican on the U.S. Federal Trade Commission (FTC), said on Tuesday she will resign soon, blaming the move on the agency's top official, Lina Khan. "Much ink has been spilled about Lina Khan's attempts to remake federal antitrust law as chairman of the Federal Trade Commission," Wilson wrote in an opinion piece in the Wall Street Journal. Wilson said in the piece that she would resign "soon" but gave no date. "I dissented on due-process grounds, which require those sitting in a judicial capacity to avoid even the appearance of unfairness," wrote Wilson. Wilson accused the Biden administration FTC of overstepping by being too aggressive in stopping mergers and banning most noncompete clauses.

☆ Republican FTC Commissioner Wilson announces resignation, saying Chair Khan has a 'disregard for the rule of law'
▼ + stars: | 2023-02-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Christine Wilson, nominee to serve on the Federal Trade Commission, testifies during a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018. Christine Wilson, the sole remaining Republican on the Federal Trade Commission, announced Tuesday she plans to resign, citing what she said was Democratic Chair Lina Khan's "disregard for the rule of law and due process." Wilson announced her resignation, which she said will come "soon," in a Wall Street Journal op-ed. Throughout Khan's tenure at the helm of the commission, Wilson has frequently bemoaned her approach in remarks at public meetings and in speeches. Former Commissioner Noah Joshua Phillips, a Republican, resigned in October, but without the kind of broad critique that Wilson wrote.

☆ Warren tells FTC she is "particularly concerned" about Amgen and Indivior deals
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +2 min

Warren said that both Amgen and Horizon Therapeutics "have engaged in brazen price increases," including on Amgen's Enbrel for arthritis and Horizon’s Krystexxa, a gout medication. She noted that the FTC had settled with Indivior and its former parent over its attempt to protect its monopoly of the opioid addiction treatment Suboxone. Indivior makes Sublocade -- a slow-release treatment for opioid addiction that is administered monthly. "The FTC should strongly consider Indivior's history of anti-competitive and deceptive practices when evaluating howIndivior might behave after this potential transaction is completed," wrote Warren. Warren noted that the FTC, which has long focused on healthcare mergers, said in 2021 that it would prioritize pharmaceutical acquisitions.

☆ FTC seeks to hold Drizly CEO accountable for alleged security failures, even if he moves to another company
▼ + stars: | 2022-10-24 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

In a new proposed settlement, the Federal Trade Commission is seeking to hold a tech CEO accountable to specific security standards, even if he moves to a new company. The FTC claims that despite being alerted to the security concerns two years before the breach, Drizly and Rellas did not do enough to protect their users' information. In a statement, Wilson wrote that naming Rellas will not result in putting "the market on notice that the FTC will use its resources to target lax data security practices." But it later dropped him from the complaint after the company said Zuckerberg would not try to personally buy Within. "We take consumer privacy and security very seriously at Drizly, and are happy to put this 2020 event behind us," a Drizly spokesperson said in a statement.

The four FTC commissioners voted three to one to begin the lengthy process of writing rules by seeking comments on the prevalence of fraudulent online reviews and junk fees. These are sometimes labeled "service charges" on phone bills or imposed by hotels as "resort fees." FTC guidelines already say that posting fake reviews and endorsements is illegal. And it has proposed a rule to ban junk fees by car sellers. The commission also voted to begin the process of updating existing rules governing funeral homes.

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