FTC plans to hire child psychologist to guide internet rules
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The Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday.
FTC Chair Lina Khan backs the plan, Bedoya told the outlet, adding that he hopes it can become a reality by next fall, though the commission does not yet have a firm timeline.
“Our plan is to hire one or more child psychologists to help us assess the mental health impacts of what children and young people do online,” FTC spokesperson Douglas Farrar told CNBC in a statement. “We are currently exploring next steps including how many to hire and when.”
The FTC’s plan is indicative of a broader push across the U.S. government, focusing on online protections for kids and teens. Federal and state lawmakers have proposed new legislation they believe will make the internet safer by mandating stronger age authentication or placing more responsibility on tech companies to design safe products for young users. The U.S. Surgeon General issued an advisory in May that young people’s social media use poses significant mental health risks.
Bedoya, who founded the Center on Privacy and Technology at the Georgetown University Law Center, said the plan is reflective of the FTC’s approach as “an expert agency through and through.” It follows the agency’s earlier decisions to add economists to its ranks of lawyers on staff and, later, technologists.
Bedoya told The Record that it’s “absolutely part of that tradition of systematically expanding our expertise.”
Bedoya envisions an in-house child psychologist to be a helpful resource for commissioners like himself.
“If I have an economic question, I’ve got 80 Ph.D. economists I can ask,” he told The Record. “If someone is making an allegation about mental health harms, I have no full-time staff who are experts in the psychology of it.”
While Bedoya said the FTC can already get advice from ad hoc consultants, hiring a child psychologist on staff “can send a strong signal to other law enforcement agencies in the U.S. by saying we need to have these folks in-house such that it’s a standing capacity.”
Those experts could bring important insights that can link a cause to an alleged harm and inform the appropriate damages the agency seeks, Bedoya said. He added that child psychologists could help the FTC evaluate allegations of how social media may affect mental health, as well as assess the effect of dark patterns or other deceptive features.
Bedoya said the initial hires would likely be “psychological scientists” or “social psychologists,” who conduct research rather than evaluate kids in a clinical setting. While he said he can’t “presuppose anything,” they’d likely work on investigations, strategy and possibly rulemaking.
Read the full interview at The Record.
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The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)
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Elon Musk‘s xAI Holdings is in discussions with investors to raise about $20 billion, Bloomberg News reported Friday, citing people familiar with the matter.
The funding would value the company at over $120 billion, according to the report.
Musk was looking to assign “proper value” to xAI, sources told CNBC’s David Faber earlier this month. The remarks were made during a call with xAI investors, sources familiar with the matter told Faber. The Tesla CEO at that time didn’t explicitly mention any upcoming funding round, but the sources suggested xAI was preparing for a substantial capital raise in the near future.
The funding amount could be more than $20 billion as the exact figure had not been decided, the Bloomberg report added.
Artificial intelligence startup xAI didn’t immediately respond to a CNBC request for comment outside of U.S. business hours.
The AI firm last month acquired X in an all-stock deal that valued xAI at $80 billion and the social media platform at $33 billion.
“xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk said on X, announcing the deal. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
Read the full Bloomberg story here.
— CNBC’s Samantha Subin contributed to this report.
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.
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Alphabet‘s stock gained 3% Friday after signaling strong growth in its search and advertising businesses amid a competitive artificial intelligence environment and uncertain macro backdrop.
“GOOGL‘s pace of GenAI product roll-out is accelerating with multiple encouraging signals,” wrote Morgan Stanley‘s Brian Nowak. “Macro uncertainty still exists but we remain [overweight] given GOOGL’s still strong relative position and improving pace of GenAI enabled product roll-out.”
The search giant posted earnings of $2.81 per share on $90.23 billion in revenues. That topped the $89.12 billion in sales and $2.01 in EPS expected by LSEG analysts. Revenues grew 12% year-over-year and ahead of the 10% anticipated by Wall Street.
Net income rose 46% to $34.54 billion, or $2.81 per share. That’s up from $23.66 billion, or $1.89 per share, in the year-ago period. Alphabet said the figure included $8 billion in unrealized gains on its nonmarketable equity securities connected to its investment in a private company.
Adjusted earnings, excluding that gain, were $2.27 per share, according to LSEG, and topped analyst expectations.
Alphabet shares have pulled back about 16% this year as it battles volatility spurred by mounting trade war fears and worries that President Donald Trump‘s tariffs could crush the global economy. That would make it more difficult for Alphabet to potentially acquire infrastructure for data centers powering AI models as it faces off against competitors such as OpenAI and Anthropic to develop largely language models.
During Thursday’s call with investors, Alphabet suggested that it’s too soon to tally the total impact of tariffs. However, Google’s business chief Philipp Schindler said that ending the de minimis trade exemption in May, which created a loophole benefitting many Chinese e-commerce retailers, could create a “slight headwind” for the company’s ads business, specifically in the Asia-Pacific region. The loophole allows shipments under $800 to come into the U.S. duty-free.
Despite this backdrop, Alphabet showed steady growth in its advertising and search business, reporting $66.89 billion in revenues for its advertising unit. That reflected 8.5% growth from the year-ago period. The company reported $8.93 billion in advertising revenue for its YouTube business, shy of an $8.97 billion estimate from StreetAccount.
Alphabet’s “Search and other” unit rose 9.8% to $50.7 billion, up from $46.16 billion last year. The company said that its AI Overviews tool used in its Google search results page has accumulated 1.5 billion monthly users from a billion in October.
Bank of America analyst Justin Post said that Wall Street is underestimating the upside potential and “monetization ramp” from this tool and cloud demand fueled by AI.
“The strong 1Q search performance, along with constructive comments on Gemini [large language model] performance and [AI Overviews] adoption could help alleviate some investor concerns on AI competition,” Post wrote in a note.
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CNBC’s Jennifer Elias contributed to this report.
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