💨 Abstract

The U.S. Federal Trade Commission has referred a complaint against Snap Inc. to the Justice Department, alleging that Snapchat's AI chatbot harmed young users. The FTC's investigation found reason to believe Snap is violating or is about to violate the law, but did not provide details on the alleged harm. Snap's shares briefly dipped following the news.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖