U.S. and European Regulators Issue Collaborative Statement on AI and Competition
AI poses potential competition challenges and countries must work together to address them, DOJ, the FTC, the European Commission and the U.K. Competition and Markets Authority said in a joint statement Tuesday. “We are working to share an understanding of…
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the issues as appropriate and are committed to using our respective powers where appropriate,” they said. There are risks companies “may attempt to restrict key inputs for the development of AI technologies” and those “with existing market power in digital markets could entrench or extend that power in adjacent AI markets or across ecosystems,” the entities said. Lack of choice for content creators among buyers “could enable the exercise of monopsony power,” they said: AI also “may be developed or wielded in ways that harm consumers, entrepreneurs, or other market participants.” FCC commissioners are expected to vote at their Aug. 7 open meeting on an NPRM examining consumer protections against AI-generated robocalls (see 2407170055).