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Andrew Ferguson, the new chair of the U.S. Federal Trade Commission, aims to target Big Tech while advocating for minimal regulation of artificial intelligence. He believes that excessive regulation could stifle innovation and push AI developers to more favorable jurisdictions. Ferguson's stance reflects a broader concern about data privacy and the need for comprehensive legislation to protect users.
Ferguson has criticized social media platforms for their content moderation policies and the potential collusion among them, which could violate antitrust laws. He emphasizes the importance of transparency in content moderation to empower users. Additionally, he calls for legislation that enhances parental control over children's online privacy, highlighting the need for a balanced approach to online safety.
• Ferguson opposes heavy regulation of AI to foster innovation.
• He advocates for transparency in social media content moderation policies.
Ferguson argues against heavy regulation of AI, fearing it may hinder innovation.
He describes the current state of data collection as an 'online privacy crisis' needing regulatory focus.
Ferguson criticizes vague content moderation policies that may mislead users about platform practices.
Meta is scrutinized for its data privacy practices and content moderation policies under Ferguson's FTC.
Microsoft's operations may be impacted by Ferguson's regulatory approach towards Big Tech companies.
Alphabet's Google faces potential regulatory challenges related to data privacy and AI innovation.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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