The Federal Trade Commission (FTC) has launched an inquiry into leading artificial intelligence (AI) companies to examine potential risks their products may pose to consumers. According to an FTC official, the agency intends to compel executives from these firms to testify regarding the safety concerns related to their technologies.

FTC Chair Andrew Ferguson emphasized that developers who program AI agents to perform security tests resulting in hacks should be held accountable. While some AI industry leaders have increased pressure on the federal government to implement regulatory frameworks, Ferguson has cautioned against what he describes as companies generating alarm to secure protective regulations that could limit competition.

“That is how companies build a moat around their businesses to make sure that people can’t compete against them,” Ferguson said during an appearance on Fox News on September 20. He emphasized that robust competition is essential for maintaining the United States’ leadership in the global AI race, particularly against China.

The Trump administration, for its part, has largely refrained from imposing direct regulations on AI development, citing the strategic imperative of maintaining technological superiority over China. However, President Donald Trump has issued warnings about potential legal actions against AI companies responsible for compromising critical infrastructure such as power grids and banking systems. In a post on the social media platform Truth Social, Trump stated that law enforcement agencies, including the Department of Justice, are prepared to intervene if necessary.

The FTC’s ongoing probe reflects growing concerns about the balance between fostering innovation in AI and ensuring public safety, amid escalating competition among global powers and increasing scrutiny of technology companies.