UK competition regulator lays out AI principles

CMA’s chief executive Sarah Cardell said there was real potential for the technology to make millions tasks easier

Prime Minister Rishi Sunak has touted the UK as a global leader in AI
Prime Minister Rishi Sunak has touted the UK as a global leader in AI

Britain’s competition regulator proposed principles to govern new artificial intelligence (AI) models on Monday, including accountability, access and transparency, as it seeks to foster competitive growth in the fast-moving technology.

The Competition and Markets Authority (CMA) started looking at the impact of generative AI applications such as ChatGPT in May to try to ensure the technology benefited businesses and consumers. The CMA’s chief executive Sarah Cardell said there was real potential for the technology to turbocharge productivity and make millions of everyday tasks easier – but a positive future could not be taken for granted. “That’s why we have today proposed these new principles and launched a broad programme of engagement to help ensure the development and use of foundation models evolves in a way that promotes competition and protects consumers,” she said.

Prime Minister Rishi Sunak has touted the UK as a global leader in AI regulation and the country will host an AI safety summit in November. 

Follow us on TwitterFacebookLinkedIn

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

This article was first uploaded on September eighteen, twenty twenty-three, at fifteen minutes past five in the evening.
Market Data
Market Data