Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.

In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging an AI-powered chatbot is harmful to users.

The chatbot, which offers romantic companionship, has been hit with an FTC complaint from tech ethics organizations ...

Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company ...

While the chatbots offer similar answers, the free version of China's ultra-efficient model has no messaging limits. But ...

Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud ...

On January 8, the FTC finalized an order requiring a tax preparation company to implement the terms of a settlement and mandating the company pay ...

AI chatbots have changed the way we work, think through problems, and discover information. While Apple Intelligence doesn’t offer ...

A staff report released Friday by the FTC suggested partnerships between OpenAI and Microsoft, and Amazon and Anthropic, ...

Despite these legal challenges, Snap's stock performance has remained a point of interest for investors. The company's shares reached a high of $11.19 on the New York Stock Exchange, indicating ...

The Federal Trade Commission, in its latest staff report ... "For an individual using an AI chatbot to write a wedding speech or a small business owner generating logo ideas with an AI image ...