Proposed principles to guide competitive AI markets and protect consumers

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Summary:

The UK's Competition and Markets Authority (CMA) has published a report on foundation models (FMs), a type of artificial intelligence (AI) that can be adapted to various purposes. The report proposes principles aimed at ensuring consumer protection and healthy competition in the development and use of FMs. FMs have the potential to transform industries and the economy, but the CMA is concerned that weak competition or failure to adhere to consumer protection laws could harm people and businesses. The proposed principles include accountability, access, diversity, choice, flexibility, fair dealing, and transparency. The CMA will engage with stakeholders to develop these principles further, aiming to support the positive development of these critical markets.