The new offerings include a $1,600 monitor in an aluminum casing called Studio Display. The FTC would also release an annual report with trends, lessons, and statistics, to be transparent around when and how automated systems are used.Īpple introduced some new pricey accessories on Tuesday. Reports will be submitted to the Federal Trade Commission (FTC) and released through a publicly accessible repository.

Most importantly, the bill requires companies to state how they consulted with impacted communities and how they plan on mitigating negative impacts. According to an article by Slate, the impact assessments required under the Act would outline the features of any algorithmic system in the public’s interest. The updated act, first revealed in January, would require impact assessments when companies are using automated systems to make important decisions, providing users and regulators with much-needed clarity around when and how these systems are being used. The updated Algorithmic Accountability Act of 2022 could well, hold big tech companies accountable for their algorithms. It’s Thursday, March 10th, and I’m your host, Tom Li.

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