The Competition and Markets Authority has set out guidelines to prevent artificial intelligence models like ChatGPT from being dominated by a small number of large tech firms
from being dominated by a small number of large tech firms, to the detriment of consumers and businesses.
It says AI developers must be accountable for their output, while access to services, diversity within the market, choice and flexibility are also vital. It will also push for fair dealing and transparency.is weak or consumer protection law is not followed, consumers and businesses could be damaged.and AI-enabled fraud.
In the longer term, a handful of firms could use foundation models – AI systems with broad capabilities that can be adapted to a range of different, more specific purposes – to gain or entrench positions of market power and fail to offer the best products and services and/or charge high prices.being created, as well as easier access to information, scientific and health breakthroughs and lower prices.
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