From Investing.com: 2024-12-12 17:37:11

President-elect Donald Trump’s pick for U.S. FTC chair, Andrew Ferguson, plans to target Big Tech but take a hands-off approach to regulating AI. His views on social media, data privacy, and competitiveness will impact companies like Meta, Microsoft, and Google. Ferguson has expressed concerns about AI regulation and online privacy.

Ferguson believes knee-jerk AI regulation will stifle innovation and entrench Big Tech. He supports comprehensive legislation to protect user data and prevent discrimination perpetuated by AI.

He sees the vast data collection on social media users as an online privacy crisis. While he wants regulators to focus on this issue, he warns against regulating targeted advertising.

Ferguson criticizes social media platforms for Orwellian content moderation policies. He praises Elon Musk for his commitment to free speech and advocates for more transparent moderation policies.

He is concerned about potential platform collaboration on content moderation and advertiser coordination. Ferguson believes such actions could violate antitrust laws.

Ferguson advocates for more parental control over children’s online privacy. He believes Congress should pass a law empowering parents to supervise and control their children’s internet messaging.



Read more at Investing.com: Factbox-How Trump’s new FTC chair views AI, Big Tech By Reuters