The Federal Trade Commission (FTC) issued a surprise blog post this past month clarifying its perspective on the use of algorithms and AI. While the expectations fall directly in line with the emerging consensus around AI principles and guidelines for transparent, fair, and accountable use of AI, the agency also asserted that existing law sufficiently covers any regulatory action. In short, a clear shot across the bow for every company under their purview and using AI.
Our Co-founder and CTO Andrew Clark contributed a piece to BetaNews about how companies can address many of the outstanding problems highlighted by the FTC today. The key takeaway is that "Accountability should be the primary driver of how companies assure their systems," and those that delay should expect to see the FTC to show up in their lobby (or inbox) in the not too distant future.