The Federal Trade Commission has referred a complaint against Snap Inc. (NYSE:SNAP) to the Department of Justice, according to a public statement made by the U.S. government agency Thursday. The complaint against the Snapchat parent is connected to the deployment of "My AI" chatbot on the company's platform,

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. TakeAway Points: The company’s stock fell 5% after the Federal Trade Commission announced that it would forward a complaint against Snap to the Department of Justice.

Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the United States Federal Trade Commission (FTC) said in a report released Friday.

The U.S. Federal Trade Commission (FTC) announced it has referred a complaint against Snap Inc. (NYSE: SNAP) to the Department of Justice (DOJ). The complaint alleges that Snapchats artificial intelligence chatbot,

The Commission said that Snapchat's My AI feature presented 'risks and harms to young users of the application,' while Snap says that the complaint 'is based on inaccuracies, and lacks concrete evidence.

The FTC referred Snap to the Department of Justice over allegations that the My AI chatbot posed a risk to young people.

Snap shares are trading lower on Friday despite the United States Supreme Court upholding the TikTok ban-or-sale law.

U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap, Inc., that alleges its messaging app Snapchat used an

MICROSOFT’S US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the Federal Trade Commission (FTC) said in a report released on Friday (Jan 17).

However, ten companies under mixed sectors bucked an overall positive market sentiment as multiple negative factors put pressure on investor sentiment.

However, ten companies under mixed sectors bucked an overall positive market sentiment as multiple negative factors put pressure on investor sentiment.