The Economic Consequences of Restricting AI Companies in America

The Federal Trade Commission's (FTC) aggressive stance against tech companies, including its recent investigation into OpenAI, is seen as an abuse of power and an attempt to scapegoat big tech. The FTC's claims against OpenAI regarding data scraping and publishing false information are questionable, as ChatGPT primarily uses publicly available information and clearly states its limitations. The FTC's actions undermine its credibility and raise concerns about whether they are motivated by a partisan agenda. The FTC's aggressive approach risks stifling innovation, harming small businesses, and hampering America's position as an AI leader, while China seeks to dominate the AI space with its own agenda. AI is projected to double America's productivity rate and boost global GDP by $7 trillion over the next decade.