Team Blitz India
LONDON: The UK’s competition (antitrust) watchdog has launched an initial review of “AI foundational models” like OpenAI’s ChatGPT, Microsoft’s Bing and Google’s Bard, saying the move will help create an early understanding of the market for AI models and what opportunities and risks these could bring. The Competition and Markets Authority (CMA) said the initial piece of work will help create competition and consumer protection principles to best guide the development of AIdriven markets going forward.
In a white paper, the UK government in March had asked regulators, including CMA, to think about how the innovative development and deployment of AI can be supported in line with the five overarching principles of safety, security and robustness, appropriate transparency and explainability, fairness, accountability and governance, and contestability and redress.
The review comes as regulators around the world are increasing scrutiny of the development of generative AI — technology that can create images or text that are barely distinguishable from human output.
The sector has been a rare bright spot for technology innovation in the UK, partly due to the success of DeepMind, a homegrown start-up acquired by Google in 2014.
Earlier this week, the US Federal Trade Commission fired a warning shot to the industry, saying it is “focusing intensely on how companies may choose to use AI technology, including new generative AI tools, in ways that can have actual and substantial impact on consumers.”
