Ex-FTC boss Khan: break out the handcuffs for AI CEOs, citing 1934 precedent

Former FTC boss Khan is calling for regulation and potential prosecution of AI CEOs, citing a 1934 precedent that allowed the government to regulate and fine companies for unfair business practices. Khan argues that AI companies are engaging in similar unfair practices, such as biased algorithms and data exploitation, and that the government should use its authority to hold them accountable. Khan points to the 1934 precedent of the Securities Exchange Act, which allowed the government to regulate and fine companies for unfair business practices, and argues that a similar approach can be applied to AI companies. Khan also suggests that AI CEOs could face prosecution and even imprisonment for their actions, comparing them to CEOs of companies that engaged in unfair business practices in the past.