• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bitcoin and Crypto At EXTREME Fear Levels Never Seen Before

2026-02-12

What BlackRock said about Bitcoin Can’t Be Real

2026-02-11

What Is Cardano (ADA)? How It Works, History, Roadmap

2026-02-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    Bitcoin Just Hit an All-Time High. Nobody Cares

    2025-09-11

    All Eyes on Art: Upcoming Collections to Watch the Week of May 27

    2025-09-11

    Bitcoin Vegas Belongs to the Suits Now

    2025-09-11

    NFC Summit Lisbon Founder on Evolving the Event and Weathering the Market

    2025-09-11

    All Eyes on Art: Upcoming Collections to Watch the Week of June 3

    2025-09-10
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Cardano (ADA)? How It Works, History, Roadmap

    2026-02-11

    What Is TRON (TRX)? How It Works, History, Roadmap

    2026-02-10

    6 Indicators That Actually Work

    2026-02-10

    Can My Crypto Go Negative? Margin Trading, Liquidation & Protection

    2026-02-04

    What Beginners Should Know in 2026

    2026-02-04
  • Videos

    Bitcoin and Crypto At EXTREME Fear Levels Never Seen Before

    2026-02-12

    What BlackRock said about Bitcoin Can’t Be Real

    2026-02-11

    This Bitcoin Reset Is Setting Up the Next Big Move

    2026-02-11

    📉 Crypto Crash, Bottoms, Debt Crisis & The AI SaaSpocalypse 🚨

    2026-02-10

    Bitcoin Has Never Been This Undervalued…

    2026-02-10
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»NFT»ChatGPT Creator Faces First Major Regulatory Threat With FTC Investigation
NFT

ChatGPT Creator Faces First Major Regulatory Threat With FTC Investigation

2023-07-13No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

With artificial intelligence (AI) flying high for Web3 and the wider the world to see and embrace, it shouldn’t be a surprise that the Federal Trade Commission (FTC) has turned its attention to OpenAI, the maker of ChatGPT, in a new investigation, according to an initial report by The Washington Post. 

The agency sent the San Francisco startup a 20-page letter demanding answers for how it is addressing ongoing complaints of misuse of consumer data and cases of “hallucination,” i.e., instances where ChatGPT has made up facts or narratives that have caused reputational harm.

The FTC’s ask

OpenAI will now serve as the FTC’s first public case study for how the agency begins to enforce consumer protection warnings with respect to AI while addressing potentially unfair or deceptive trade practices. The company’s co-founder Sam Altman testified before Congress in May, inviting AI legislation to come into the mix.

In the letter, the FTC wants to gauge how well consumers understand “the accuracy or reliability of outputs” generated by the company’s AI tools, calling on OpenAI to:

  • Provide detailed descriptions of all the complaints the startup has received of its products, including ChatGPT, making “false, misleading, disparaging or harmful” statements about people;
  • Provide records related to a security incident that OpenAI disclosed in March when a system bug allowed some ChatGPT users to see payment-related information in addition to customer data from other user’s chat history;
  • Provide any research, testing, or surveys that assess customers’ understanding of how OpenAI’s products work, how they’re advertised, and how these AI-based tools can generate disparaging statements.
See also  MrBeast-Promoted 'Creator League' Postponed After Gamers Bail Amid NFT Backlash

Zooming out

The FTC’s focus comes at a time when the agency wants to explore several instances of hallucination. The agency’s active mission is communicating that existing consumer protection laws apply to AI, despite the Biden Administration’s and Congress’s ongoing struggle to put together a regulatory framework. 

Last month, Senate Majority Leader Chuck Schumer (D-NY) predicted that new AI legislation is just a few months away while the European Union’s AI Act moves into its final phases of negotiations.

Vice President Kamala Harris believes that we can both advance AI innovation and protect consumers, sharing the administration’s position on Wednesday at the White House, where Harris hosted a group of consumer protection advocates and civil liberties to discuss the safety and security risks of AI.

ChatGPT Creator Faces FTC Investigation Major regulatory threat
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin ETF Sees Huge Inflows: Major Rally Incoming?

2026-02-03

TRUMP TOKEN MEMECOIN FINISHED?? CREATOR OF $TRUMP MOVE MILLIONS FIND OUT WHY!

2026-02-02

Did Saylor Just Expose The “BIGGEST Threat To Bitcoin” OR Is He Hiding Something Much WORSE?

2026-01-28

Karmageddon Creator: Doctor to Fearless Singer (to Bitcoiner?) | Iyah May

2026-01-27
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

FDIC Says Signature Bank Cratered Due to Contagion Effects and Failure To Understand the Risks of Crypto

2023-04-29

Signature Bank (SBNY) primarily failed due to contagion that spread from other recently collapsed financial…

NFT

Nike Is Bringing Its .SWOOSH NFTs to EA Sports Games

2023-06-01

NFT Nike Virtual Studios, the sportswear giant’s digital arm, and video game developer EA Sports…

NFT

Shiba Inu Army Makes Strong Showing at NFT.NYC 2024: Details

2024-04-11

The recently concluded NFT.NYC event saw a strong presence from the Shiba Inu Army, with…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bitcoin and Crypto At EXTREME Fear Levels Never Seen Before

2026-02-12

What BlackRock said about Bitcoin Can’t Be Real

2026-02-11

What Is Cardano (ADA)? How It Works, History, Roadmap

2026-02-11

This Bitcoin Reset Is Setting Up the Next Big Move

2026-02-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2026 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 67,454.00
ethereum
Ethereum (ETH) $ 1,960.45
tether
Tether (USDT) $ 0.999785
xrp
XRP (XRP) $ 1.39
bnb
BNB (BNB) $ 611.92
usd-coin
USDC (USDC) $ 0.999983
solana
Solana (SOL) $ 80.90
tron
TRON (TRX) $ 0.277873
dogecoin
Dogecoin (DOGE) $ 0.093973
staked-ether
Lido Staked Ether (STETH) $ 2,265.05