The principles are designed to regulate AI systems that are trained on large data sets and can be adapted for various tasks, also known as foundation models. The move is part of the CMA's efforts to ensure that AI technology is used responsibly and does not harm consumers or competition.
Key takeaways:
- The UK's antitrust watchdog, the Competition and Markets Authority, has set out a new set of principles for regulating artificial intelligence.
- The authority has also initiated a project to increase its scrutiny of the rapidly developing technology.
- The move comes after a comprehensive preliminary review, which highlighted the potential for AI to quickly impact markets and consumers.
- The authority has outlined seven principles for regulating AI systems that are trained on large data sets and can be adapted for various tasks, known as foundation models.