Balanced News: UK’s competition watchdog drafts principles for ‘responsible’ generative AI

The UK’s Competition and Markets Authority (CMA) has released a report containing seven proposed principles for the responsible development and use of generative AI. The principles are aimed at ensuring consumer protection and healthy competition in the use of AI foundation models. The CMA is seeking feedback from stakeholders and plans to release an update on its thinking in early 2024. The CMA’s focus is on large-scale AI models that can be adapted to downstream customer applications. The proposed principles are part of the CMA’s efforts to understand and address the potential positive and negative impacts of AI on markets.