FTC Chair Warns of AI Price-Setting Tools as Potential Collusion Loophole



Federal Trade Commission Chair Lina Khan expressed concerns regarding the potential misuse of AI price-setting tools during a discussion at the Ninth Circuit Judicial Conference. Khan highlighted these tools as a potential loophole for corporate collusion, alongside addressing the agency’s significant legal expenses for expert witnesses. These remarks come amidst increasing scrutiny of AI in various regulatory sectors. More details on her speech and concerns can be found in the original article here.