UK Competition and Markets Authorityannounced that it will examine the development, dissemination and social impact of artificial intelligence.
The UK Competition and Markets Authority (CMA) has officially entered the artificial intelligence scene, with an announcement that it will examine the technology’s impact on consumers and the economy. regulatory agency May 4in his statement, ChatGPTHe stated that he will examine the development and dissemination of basic models of such applications according to basic principles.
Cardell: Consumers Should Have Access to the Benefits of This Technology
In a statement, the institution said that these principles include security, transparency, fairness and accountability.
CMACEO of Sarah Cardell stated that since the introduction of artificial intelligence tools into the public sphere, regulators have been keeping an eye on this area. Cardell continued: “It is a rapidly evolving technology and has the potential to drive significant economic growth as well as transform the way businesses compete.”
Cardell underlined that it is crucial that UK businesses and consumers can access the potential benefits of this technology and be protected from fraudulent information.
CMA will first examine AI core models and the competitive market for the use of this technology. Regulators also plan to examine how they can increase opportunities, as well as risks to competition and consumers.
This review is intended to support healthy competition and produce guiding principles for consumer protection as AI technology evolves.
April 25 In , the UK Prime Minister and Minister of Technology heard that they would form a task force aimed at accelerating the country’s AI readiness. The UK is in this context to support the task force. $124.8 millionHe also pledged to provide funds.
