US and European regulators reach consensus on addressing AI antitrust concerns

Regulators’ Principles for AI Competition

Regulators in the US and Europe have outlined their “shared principles” to safeguard competition and consumers in the realm of artificial intelligence. The Department of Justice, Federal Trade Commission, European Commission, and the UK’s Competition and Markets Authority (CMA) have committed to upholding effective competition and fair treatment for consumers and businesses.

Guiding Principles for Competition in AI

The agencies emphasized the importance of fair dealing, interoperability, and choice as fundamental principles for ensuring competition in the AI sector. They highlighted the risks posed by deals between major market players, which could potentially undermine fair competition and market outcomes.

Protecting Consumers in the AI Space

In addition to competition concerns, the agencies expressed their vigilance towards threats that AI technologies may pose to consumers. They stressed the importance of transparency in how AI is used in products and services, cautioning against deceptive or unfair practices that could compromise privacy, security, and autonomy.