In a landmark move, the UK’s Competition and Markets Authority (CMA) has outlined seven principles to ensure accountability and transparency in the development and use of artificial intelligence (AI) models. These principles aim to prevent the dominance of a few tech giants, promote competition, and protect consumers.
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The CMA seeks to regulate foundational models like ChatGPT, prevent tech companies from controlling AI within walled platforms, and curb anti-competitive behavior. The move comes ahead of a global AI safety summit in the UK and will guide the CMA’s approach to AI as it gains new powers to oversee digital markets.
According to a Reuters report, the UK’s seven principles seek to “cover access to key inputs, diversity of business models including both open and closed, and flexibility for businesses to use multiple models.”
The regulator will now seek input from major AI developers, including Google (GOOGL), Meta Platforms (META), OpenAI, Microsoft (MSFT), and Nvidia (NVDA).
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