US, European regulators commit to ensuring robust competition in the artificial intelligence industry

According to a report by Reuters, regulatory bodies in the US, EU, and UK have come together to pledge their dedication to maintaining strong competition in the artificial intelligence sector. They highlight the rapid advancements in generative AI (genAI) in recent years, emphasizing that pivotal moments in technology can bring forth new avenues for competition, innovation, expansion, and fostering opportunities.

The consortium has also vowed to collaborate within the frameworks of their respective legislations to uphold a competitive landscape in the AI industry, ensuring equitable treatment for both consumers and businesses.

Their commitment encompasses ensuring fairness, preventing monopolistic practices, and rigorously monitoring investments and partnerships among established AI giants and emerging players in the market.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

See author's posts