The Federal Trade Commission announced action against deceptive AI claims by five entities, including DoNotPay. The FTC alleges these companies misused AI hype to mislead consumers with bogus schemes. DoNotPay falsely marketed its AI legal services as the "world's first robot lawyer" without testing them against human lawyer standards, according to the FTC's allegations. The FTC also sued Ascend Ecom and other business schemes, alleging they defrauded consumers of $25 million through misleading claims of AI-driven passive income from e-commerce.
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00:00It's Benzinga, and here's what's on the block.
00:02The Federal Trade Commission announced action against deceptive AI claims by five entities,
00:08including DoNotPay.
00:09The FTC alleges these companies misused AI hype to mislead consumers with bogus schemes.
00:15DoNotPay falsely marketed its AI legal services as the world's first robot lawyer without
00:20testing them against human lawyer standards, according to the FTC's allegations.
00:25The FTC also sued Ascend Ecom and other business schemes, alleging they defrauded consumers
00:30of $25 million through misleading claims of AI-driven passive income from e-commerce.
00:36For all things money, visit Benzinga.com.