Britain Takes Stand Against Big Tech's Control Over AI with New Principles and Regulations
Britain takes steps to prevent dominant control of generative AI models by major tech companies, aiming to address potential negative consequences while promoting innovation and accountability. The proposed principles will guide AI regulation as the CMA acquires new powers to oversee digital markets.
Britain has outlined principles to prevent dominant control of generative AI models by major tech companies, with a focus on accountability and transparency. The Competition and Markets Authority (CMA) aims to address potential negative consequences of AI while promoting innovation.
CMA Chief Executive Sarah Cardell highlighted the potential of AI to enhance productivity and simplify daily tasks, but warned against a few players dominating the market and hindering its benefits for the economy. The proposed principles will guide the CMA's approach to AI regulation as it acquires new powers in overseeing digital markets. Leading AI developers and other stakeholders will be consulted for their perspectives. The US and the G7 countries are also exploring regulations for AI.