UK's CMA drafts principles for responsible AI use, fostering competition

The UK's Competition and Markets Authority (CMA) has proposed a set of seven principles to guide the responsible development and deployment of generative artificial intelligence (AI). The principles aim to foster competition and protect consumers in the rapidly evolving AI industry.

CEO of the CMA, Sarah Cardell, emphasized the potential of AI to boost productivity and simplify daily tasks, but also stressed the need for proactive measures to ensure a positive future. According to her, the CMA's role is to shape these markets in ways that foster strong competition and effective consumer protection. She added that it was critical for the CMA to be at the forefront of this thinking rather than waiting for problems to emerge and only then stepping in with corrective measures.