Protecting Artificial Intelligence Competition: A Global Commitment
US agencies and international partners join forces to ensure fair competition in the AI ecosystem, protecting consumers and businesses from unfair practices.
Artificial IntelligenceCompetitionAntitrustConsumer ProtectionFair CompetitionReal Estate MumbaiJul 24, 2024
Jonathan Kanter, Assistant Attorney General with the Justice Department, and Federal Trade Commission (FTC) Chair Lina Khan, joined forces with Sarah Cardell, CEO of the UK Competition and Markets Authority (CMA), and Margrethe Vestager, Executive Vice-President and Competition Commissioner for the European Commission. Together, they pledged to remain vigilant to potential competition issues and expressed determination to use available powers to safeguard against tactics that would undermine fair competition, or lead to unfair or deceptive practices in the AI ecosystem.
The importance of focusing on how emerging AI business models drive incentives, and ultimately behavior, was stressed by the officials. The FTC, along with the Justice Department and CMA, also have a consumer protection mission, and they noted the need to continue to monitor potential harms to consumers that may arise from the use and application of AI.
By working together, these agencies aim to ensure that the AI ecosystem provides fair and honest treatment for consumers and businesses, and that the benefits of AI are realized in a way that benefits everyone.
Information
The Federal Trade Commission (FTC) is an independent agency of the US federal government that aims to promote consumer protection and competition.
The Justice Department is a federal executive department of the US government that is responsible for enforcing the law and defending the interests of the United States.
The UK Competition and Markets Authority (CMA) is a non-ministerial government department in the UK that is responsible for promoting competition and reducing monopoly power.
The European Commission is the executive branch of the European Union, responsible for proposing legislation, enforcing EU treaties, and managing the day-to-day business of the EU.
Federal Trade Commission (FTC) The FTC is an independent agency of the US federal government that aims to promote consumer protection and competition.
Justice Department The Justice Department is a federal executive department of the US government that is responsible for enforcing the law and defending the interests of the United States.
UK Competition and Markets Authority (CMA) The CMA is a non-ministerial government department in the UK that is responsible for promoting competition and reducing monopoly power.
European Commission The European Commission is the executive branch of the European Union, responsible for proposing legislation, enforcing EU treaties, and managing the day-to-day business of the EU.
Frequently Asked Questions
What is the main goal of the US agencies and international partners' commitment to protecting AI competition?
The main goal is to ensure fair and honest treatment for consumers and businesses, and to prevent unfair or deceptive practices in the AI ecosystem.
What are the potential competition risks associated with AI?
The potential risks include unfair competition, unfair or deceptive practices, and potential harms to consumers that may arise from the use and application of AI.
Which organizations are involved in this commitment to protecting AI competition?
The organizations involved are the Federal Trade Commission (FTC), the Justice Department, the UK Competition and Markets Authority (CMA), and the European Commission.
What is the significance of focusing on emerging AI business models and their impact on behavior?
Focusing on emerging AI business models and their impact on behavior is important because it helps to identify potential competition issues and ensure that the AI ecosystem provides fair and honest treatment for consumers and businesses.
How do the agencies plan to safeguard against unfair competition in the AI ecosystem?
The agencies plan to use available powers to safeguard against unfair competition, and to continue to monitor potential harms to consumers that may arise from the use and application of AI.
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