TechCrunch
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UK 's Competition and Markets Authority launches review of generative AI 's potential impacts on markets.
Report contains seven proposed principles to “ensure consumer protection and healthy competition are at the heart of responsible development and use of foundation models” CMA: “There are tonnes of potential benefits for these models, but also, of course, some risks”.
UK government came up with its own set of principles to guide the development of AI back in March in its policy white paper.
The CMA ’s proposed principles are specifically targeted at potential risks that fall within its competition and consumer protection purview.
The European Union has its own flavor of ex ante digital competition reform already.
While Germany has, since a few years , implemented its own update to competition rules targeted at Big Tech .
UK regulator won’t be rushing to rein in the cutting edge of AI technology, Hayter says.
Future rules would need to be “very closely targeted”, he emphasized.
“We’re trying extremely hard not to prejudge what’s happening here,” he said.
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