The Competition and Markets Authority (CMA) of the United Kingdom has announced that it will be reviewing the artificial intelligence (AI) market. The review will focus on the potential for AI to be used to distort competition and harm consumers.
The CMA is concerned that AI could be used to create monopolies or to give certain businesses an unfair advantage over their competitors. The CMA is also concerned that AI could be used to collect and use personal data in a way that harms consumers’ privacy.
The CMA’s review will consider a range of issues, including:
* The potential for AI to be used to distort competition
* The potential for AI to be used to harm consumers’ privacy
* The potential for AI to be used to create new markets
* The potential for AI to be used to improve efficiency and productivity
* The potential for AI to be used to create new jobs
The CMA’s review is expected to take several months to complete. The CMA will publish a report on its findings once the review is complete.
This is a significant development. It is the first time that a major competition authority has taken a close look at the potential for AI to impact competition and consumer welfare. The review is likely to have a significant impact on the development of the AI market in the United Kingdom.
It is also likely to have a broader impact on the development of the AI market around the world. Other competition authorities are likely to follow the CMA’s lead and conduct their own reviews of the AI market. This could lead to a more coordinated approach to regulating AI around the world.
The CMA’s review is likely to help to ensure that AI is developed and used in a way that benefits consumers and society as a whole.