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FTC chair says AI could "turbocharge" fraud, be used to "squash competition"
Federal Trade Commission Chair Lina Khan is leading the Biden administration's charge against massive tech companies allegedly looking to gobble up the competition.
One area Khan is focused on is artificial intelligence, which she believes is an emerging threat to the American consumer.
"We are seeing risks that AI could be used to turbocharge fraud and scams," she told CBS News.
"We're also looking to be vigilant to ensure that we don't see anti-competitive practices or unfair methods of competition where some of the larger firms that have an advantage in this market are not using that power to squash competition," she said.