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UK competition regulator proposes guiding principles to make AI market safe
UK competition regulator proposes guiding principles to make AI market safe
The expanding artificial intelligence (AI) market, including chatbots such as ChatGPT, can help boost productivity and economic growth across the UK if developed responsibly, the competition watchdog has said. In a new report, the Competition and Markets Authority (CMA) has set out a list of guiding principles for the AI market to ensure consumers are protected. They include ensuring the AI developers are accountable for their output, while access to services, diversity within the market, choice and flexibility are also key focuses alongside a push for fair dealing and transparency. The CMA’s report comes amid growing concerns over the rapid development of generative AI – accessible technology that can create text, images and video barely distinguishable from humans’ output. Regulators worldwide are stepping up their scrutiny of AI, given its explosion into general use worldwide and fears over its impact on jobs, industry, copyright, the education sector and privacy – among many other areas. The speed at which AI is becoming part of everyday life for people and businesses is dramatic. There is real potential for this technology to turbo charge productivity and make millions of everyday tasks easier – but we can’t take a positive future for granted Sarah Cardell, CMA chief executive In its report, the CMA said competitive, responsible AI markets could see the creation of new and better products and services, as well as easier access to information, scientific and health breakthroughs and lower prices. But the watchdog warned that if competition is weak or developers fail to adhere to consumer protection law, people and businesses could be harmed through exposure to significant levels of misinformation and AI-enabled fraud. It also said that without proper principles, a handful of companies could use AI to gain or entrench positions of market power. Sarah Cardell, CMA chief executive, said: “The speed at which AI is becoming part of everyday life for people and businesses is dramatic. There is real potential for this technology to turbo charge productivity and make millions of everyday tasks easier – but we can’t take a positive future for granted. “There remains a real risk that the use of AI develops in a way that undermines consumer trust or is dominated by a few players who exert market power that prevents the full benefits being felt across the economy. While I hope that our collaborative approach will help realise the maximum potential of this new technology, we are ready to intervene where necessary Sarah Cardell, CMA chief executive “The CMA’s role is to help shape these markets in ways that foster strong competition and effective consumer protection, delivering the best outcomes for people and businesses across the UK. “In rapidly developing markets like these, it’s critical we put ourselves at the forefront of that thinking, rather than waiting for problems to emerge and only then stepping in with corrective measures. “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. “While I hope that our collaborative approach will help realise the maximum potential of this new technology, we are ready to intervene where necessary.” As part of its engagement programme, the CMA said it will begin discussions with AI stakeholders in the UK and globally around developing its principles further and working with those groups on developing AI markets further. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live ‘Shocking’ rise in number of children falling victim to sextortion, charity says BBC, ITV, Channel 4 and Channel 5 announce smart TV platform Father of Molly Russell calls on Ofcom to ‘boldly’ enforce new online safety law
2023-09-18 20:50
Macron, Musk meet in Paris to discuss investment projects
Macron, Musk meet in Paris to discuss investment projects
President Emmanuel Macron met billionaire businessman Elon Musk on Monday to discuss future investment projects, as the French leader hosts a conference aimed at persuading business leaders...
2023-05-15 19:45
Finger Clickin’ Good! KFC launches PUBG collaboration!
Finger Clickin’ Good! KFC launches PUBG collaboration!
In a virtual and real-world partnership, KFC has launched a collaboration with ‘PUBG: Battlegrounds’ and ‘PUBG: Mobile’ that allows players to visit the fast food chain’s virtual restaurants.
2023-10-02 21:25
FTX gets court approval to sell crypto assets
FTX gets court approval to sell crypto assets
By Dietrich Knauth NEW YORK Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency
2023-09-14 03:45
UK Property Market Now Comes With a Green Premium
UK Property Market Now Comes With a Green Premium
In London, climate change is increasingly reflected in how much it costs to buy or rent real estate.
2023-06-28 18:45
Schneider Electric Appoints Emily Heitman as Country President, Canada
Schneider Electric Appoints Emily Heitman as Country President, Canada
MISSISSAUGA, Ontario--(BUSINESS WIRE)--Sep 12, 2023--
2023-09-12 21:56
Thought Leaders at Zayed Sustainability Prize Forum Highlight Pathways to Drive Progress for People and Planet
Thought Leaders at Zayed Sustainability Prize Forum Highlight Pathways to Drive Progress for People and Planet
NEW YORK--(BUSINESS WIRE)--Sep 21, 2023--
2023-09-22 02:59
U.S. senators announce subpoenas to Discord, Snap, X CEOs on child sexual exploitation
U.S. senators announce subpoenas to Discord, Snap, X CEOs on child sexual exploitation
WASHINGTON U.S. Senators Dick Durbin and Lindsey Graham said on Monday that subpoenas have been issued to the
2023-11-21 00:19
Sound the Sirens: Bojangles Hits the Road in Red, White and Blue Ambulance – The Bo Heroes Mobile
Sound the Sirens: Bojangles Hits the Road in Red, White and Blue Ambulance – The Bo Heroes Mobile
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun 12, 2023--
2023-06-13 03:21
How to watch the Diamond League final online for free
How to watch the Diamond League final online for free
The World Athletics Championships has only just come to an end, but we're ready to
2023-09-10 12:27
The 11 video games you should play, according to Elon Musk
The 11 video games you should play, according to Elon Musk
Love him, or hate him, Elon Musk seems to know a thing or two about gaming (or gaming badly, according to critics). Even if you disagree with his gaming credentials, he seems to have a genuine love for video games. Musk once claimed he was one of the best at the original Quake, that gaming helps calm him. "Killing the demons in a video game calms the demons in my mind," said the tech CEO to podcast host Lex Fridman when speaking about Diablo IV where he 'cruised through Tier 100 Nightmare Dungeons like a stroll in the park.' True to that, it's said he defeated the stress from his controversial Twitter purchase (later renamed to X) by zoning out on Elden Ring, which he compared to an artwork on X: Elon Musk, most recently has spoken about Diablo IV, and Elden Ring a lot, but what is his top recommendation? The game above all games that Musk would recommend to anyone asking? Elon Musk's biggest gaming recommendation Interestingly enough, Musk was once asked this question, so his answer is the one we have to go on. Worry not, though, we'll list his other recommendations and favourite games afterwards if his main answer doesn't tickle your fancy. When asked the question before, Musk recommended 2016 smash hit Overwatch to an audience. After a period of repeated requests, Musk finally said that he plays Solider 76 as his main character. Following that, Musk took up Torbjorn. He's also VERY fond of Mercy, and according to Musk's biography, his ex, Amber Heard, once dressed up as the Overwatch healer for Musk. Sadly, Overwatch no longer exists, and the online universe of the game was replaced and updated by Overwatch 2 - which hasn't been as well received as the legendary original. Musk's only thought on Overwatch 2 is that he'll 'maybe' return to playing it, which is a long way away from the praise he heaped on the original game. Elon Musk's favourite games Elon didn't stop gaming when Overwatch was replaced though. As mentioned, he enjoyed his time with Diablo IV and Elden Ring immensely, so you can add those two to the list that starts with Overwatch. With Overwatch no longer available in the form Musk recommended, we've got another big shout from the X CEO: Polytopia. Described as 'a turn based civilization strategy game about controlling the map, fighting enemy tribes, discovering new lands and mastering new technologies,' Polytopia is a game that is thought highly of by Musk, and he says it has influenced his strategy when it comes to business. In fact, Musk became quite obsessed with the game. He said it'd teach people, like his brother Kimbal, how to be CEO's themselves - but Musk said had to get rid of it as it was taking up too many 'brain cycles'. It even led to a fight with another ex of his, Grimes, who deeply upset Musk during a Polytopia session when she launched an attack on him despite having agreed to work together. She said it was "it was one of our biggest fights ever," that led to Musk giving Grimes the cold shoulder for an entire day. As for other games, Musk mentioned his fondness for spacecraft launch sim Kerbal Space Program in an old Reddit AMA. The Randian philosophy of Bioshock's Andrew Ryan is thought to be a big influence of Musk, who lists the game series among his favourites, also naming Fallout, Warcraft, Civilization and Mass Effect. He's also spent a bit of time speaking about Saints Row IV, in odd replies to news clips about President Joe Biden. Nintendo games? Musk is a big fan of Super Smash Bros: Ultimate where he plays as Zero Suit Samus Here's the list in full: Overwatch Elden Ring Warcraft Diablo IV Quake Bioshock Civilization series Mass Effect series Fallout series Polytopia Kerbal Space Progam Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings
2023-11-27 23:27
Medical imaging struggles to read dark skin. Researchers say they've found a way to make it easier
Medical imaging struggles to read dark skin. Researchers say they've found a way to make it easier
Traditional medical imaging -- used to diagnose, monitor or treat certain medical conditions -- has long struggled to get clear pictures of patients with dark skin, according to experts.
2023-10-17 04:23