UK competition regulator launches review into AI market

Looking into ChatGPT tech

Eve Maddock-Jones
clock • 1 min read

The UK competition watchdog is launching a review of the artificial intelligence market, examining the "competition and consumer protection principles" of this space.

It said it aims to "best guide" the development of AI markets going forward, looking at how these systems could evolve and "what opportunities and risks these scenarios could bring for competition and consumer protection". ChatGPT heralds a new era for artificial intelligence but the same rules apply The review will include models behind popular chatbots like ChatGPT.  In its initial outline, the Competition and Markets Authority said the government asked regulators back in March to consider how AI companies and software could develop in line with five overarching principles, "safe...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation