LONDON (Reuters) – Britain’s competition regulator said on Thursday it will launch a first review of its artificial intelligence models, examining competition and consumer protection considerations in the development and use of technology.
Competitions and Markets Authority CEO Sarah Cardel said in a statement: “British businesses and consumers will continue to use this innovative technology while protecting people from false and misleading information. It’s important to make the potential benefits of technology easily accessible.
Research on AI has been going on for years, but the sudden popularity of generative AI applications such as OpenAI’s ChatGPT and Midjourney has forced legislators to find ways to regulate uncontrolled growth and unintended consequences. I am desperate to find it.
Regulators around the world are now trying to find a balance that allows governments to develop “guardrails” without stifling innovation.
Rather than create a new tech-focused agency, the UK government plans to divide responsibility for overseeing AI between human rights, health and safety and competition regulators.
In the United States, where major business lobbying groups are calling for regulation of AI technology, the government last month launched a survey of possible rules to regulate the technology.
Reported by Muvija M.Editing by Kate Holton
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