Weak competition in AI race could hurt consumers — UK watchdog By Cointelegraph




There is a “real risk” that the artificial intelligence (AI) industry could develop in a way that could end up with only a few firms dominating the market while consumers are bombarded with harmful information, according to the United Kingdom’s competition watchdog.

In a report published on Sept. 18, the Competition and Markets Authority looked into AI foundation models, concluding that while AI can change how people live and work, “these changes may happen quickly and have a significant impact on competition and consumers.”

CMA principles on AI development. Source: gov.uk