The report also discusses the debate around open-source models, suggesting that if powerful models remained open-source, it could prevent other AI developers from abusing market power and protect consumers. However, it also acknowledges the potential safety risks if powerful AI models are widely available. The CMA plans to engage with stakeholders and publish an update in early 2024. A bill expected to pass next year would give the CMA new powers to regulate digital markets and levy fines on companies abusing market power or harming consumers.
Key takeaways:
- The U.K.’s Competition & Markets Authority (CMA) has published a report raising concerns about potential monopolization and consumer harm in the artificial intelligence industry.
- The report focuses on foundation models, a type of AI technology trained on vast amounts of data, and raises concerns about barriers to entry and reduced competition due to the increasing amounts of computational power and data used to train these models.
- The CMA suggests that if powerful AI models remained open-source, this could reduce the ability of other AI developers to abuse market power and protect consumers. However, this could also pose safety risks if these models are used to cause harm.
- The CMA plans to remain vigilant of any competition concerns in markets where foundation models play a role and is prepared to use its powers where appropriate. However, the next steps involve a significant programme of engagement with stakeholders, culminating in an update in early 2024.