UK Sets Out Principles for Responsible AI to Prevent Tech Giants' Domination

UK competition regulator sets out principles for generative AI like ChatGPT to prevent domination by major tech firms
Principles emphasize accountability and transparency in AI development and use
Seeks input from companies like Google, Meta, OpenAI, Microsoft on responsible AI
Part of UK's approach as it gains new powers to oversee digital markets
Follows calls for risk-based AI regulation in US, G7 to balance innovation and public interest

reuters.com

Relevant topic timeline:

8/28/2023

We don’t have to reinvent the wheel to regulate AI responsibly

The increasing investment in generative AI and its disruptive impact on various industries has brought the need for regulation to the forefront, with technologists and regulators recognizing the importance of ensuring safer technological applications, but differing on the scope of regulation needed. However, it is argued that existing frameworks and standards, similar to those applied to the internet, can be adapted to regulate AI and protect consumer interests without stifling innovation.

9/19/2023

UK regulator proposes AI principles to protect consumers and ensure healthy competition

The U.K.'s Competition and Markets Authority warns of the potential for a few dominant firms to undermine consumer trust and hinder competition in the AI industry, proposing "guiding principles" to ensure consumer protection and healthy competition.

9/23/2023

UK and US regulators clear path for Microsoft's $69B Activision Blizzard acquisition after concessions

The UK's Competition and Markets Authority (CMA) has given conditional approval to Microsoft's acquisition of Activision Blizzard, marking a significant milestone for the $69 billion merger and addressing concerns about potential monopolistic practices.

9/29/2023

The Future of Marketing is Human Intelligence Guiding AI Tools, Not Just Artificial Intelligence Alone

The future role of the chief marketing officer (CMO) will involve using AI and other intelligence sources to drive deeper loyalty, personalization, and revenue, while marketers who do not embrace AI will be at a disadvantage.

10/4/2023

Companies Seek AI Regulations to Spur Investment and Address Safety Concerns as U.S. Lags Behind Europe and China

AI leaders including Alphabet CEO Sundar Pichai, Microsoft president Brad Smith, and OpenAI's Sam Altman are supporting AI regulation to ensure investment security, unified rules, and a role in shaping legislation, as regulations also benefit consumers by ensuring safety, cracking down on scams and discrimination, and eliminating bias.

10/5/2023

UK Launches Antitrust Investigation into Cloud Computing Market Dominated by Microsoft and Amazon

The UK's Competition and Markets Authority (CMA) is investigating Microsoft and Amazon over potential anti-competitive practices in the country's cloud infrastructure services market, following a report from Ofcom that highlighted limited competition and concentration in the sector.

Topics

Posted 9/18/2023, 11:25:00 AM