Federal regulators have reached an settlement that might result in tighter authorities oversight of the quickly rising synthetic intelligence business, together with heavyweights within the sector similar to Microsoft, Nvidia and OpenAI, two folks aware of the talks confirmed to CBS News.
The Federal Trade Commission and Justice Department will cut up oversight of various firms within the sector, the folks mentioned, with the FTC regulating the enterprise practices and conduct of OpenAI and Microsoft and the Justice Department’s antitrust division overseeing chipmaker Nvidia.
News of the settlement was first reported by the New York Times.
The transfer comes because the federal authorities grapples with fast developments in AI applied sciences and their broadening affect on the U.S. financial system and society.
The Justice Department in February introduced the appointment of the company’s first AI officer, and in May mentioned it was “actively inspecting the AI ecosystem.”
—With reporting from CBS News’ Jo Ling Kent and Robert Legare
