AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File hpoto
LONDON -Britain’s competition regulator proposed principles to govern new artificial intelligence (AI) models on Monday, including accountability, access and transparency, as it seeks to foster competitive growth in the fast-moving technology.
The Competition and Markets Authority (CMA) started looking at the impact of generative AI applications such as ChatGPT in May to try to ensure the technology benefited businesses and consumers.
The CMA’s chief executive Sarah Cardell said there was real potential for the technology to turbocharge productivity and make millions of everyday tasks easier – but a positive future could not be taken for granted.
“That’s why we have today proposed these new principles and launched a broad program of engagement to help ensure the development and use of foundation models evolves in a way that promotes competition and protects consumers,” she said.
Prime Minister Rishi Sunak has touted the UK as a global leader in AI regulation and the country will host an AI safety summit in November.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
