Bill Ready warns AI bots like ChatGPT could pose issues.
The FTC warned Silicon Valley to avoid over-hyping AI tech like ChatGPT.
  • The FTC warned companies to avoid overselling their AI products in a blog post on Monday.
  • It called AI a "hot marketing" term that some companies won't be able to stop themselves from "abusing."
  • Since ChatGPT made headlines in November, several companies have announced their own AI efforts.

So many companies are claiming to use artificial intelligence that the Federal Trade Commission has stepped in — warning that it's watching for false promises.