UKTN quotes Gareth Mills on the CMA's review of the UK AI market
The UK’s competition watchdog is launching a review of foundation AI models - the technology underpinning advanced tools like ChatGPT - to gain a better understanding of the market’s opportunities and risks.
The Competition and Markets Authority’s (CMA) preliminary investigation will look at potential applications of foundation AI models and consumer protections, and look to create “guiding principles”.
Gareth Mills, Partner, comments:
“The issue of consumer protection is clearly at the forefront of the CMA’s announcement and reflects a regulatory concern that rapidly developing AI technology represents a potential risk for consumers given potential misleading information.
"This announcement recognises that existing legal frameworks affecting Intellectual Property, Privacy, Data Protection and even Human Rights have the potential to be disrupted by how AI technology develops over time.
"With a short turnaround for comments from stakeholders being set to early June, it is clear that the CMA does not intend to let the moss grow under its feet before issuing its views and setting out the rules for this transformative technology...”.
Read the full article in UKTN here.