FTC's Ferguson tells lawmakers agency won't regulate AI until after problems occur

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Federal Trade Commission (FTC) Chair Andrew Ferguson on Thursday told members of the House Appropriations Committee he believes it is important for the agency to avoid stifling artificial intelligence innovation and not regulate the field ahead of abuses.

The United States has an advantage in stoking AI innovation because it doesn’t “reflexively regulate new technologies,” he said, though his predecessor Lina Khan took an aggressive approach to AI.

“We see how things go and then we address problems as they arise,” Ferguson said. “Equally important is making sure that government regulators don't intervene too early, particularly with a technology that is transforming constantly, faster than even its engineers can predict.”

His remarks echo recent comments Commissioner Melissa Holyoak made in her personal capacity during a speech at a privacy conference, but are a more significant indicator of the agency’s new position on the issue given that he was speaking to lawmakers on behalf of the agency.
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Corrupt to the core.