Balancing Innovation and Regulation: Evaluation of the CMA’s Report on AI Foundation Models and their impact on competition and consumer protection

Article

Marinova, M. Balancing Innovation and Regulation: Evaluation of the CMA’s Report on AI Foundation Models and their impact on competition and consumer protection. Competition Law Insight.
AuthorsMarinova, M.
Abstract

This paper examines the transformative potential and challenges of foundation models (FMs) in artificial intelligence (AI) and their implications for competition and consumer protection. It focuses on the pivotal role of the UK's Competition and Markets Authority (CMA) in overseeing AI market development. This paper explores the balance between fostering innovation and ensuring robust competition by analyzing the CMA’s reports on AI Foundation Models from September 2023 and April 2024. It highlights the need for a comprehensive regulatory approach to maximize societal and economic benefits while mitigating risks associated with AI development.

JournalCompetition Law Insight
ISSN2329-1672
PublisherMaritime Insights & Intelligence
Accepted author manuscript
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Web address (URL)https://www.competitionlawinsight.com/regulatory/balancing-innovation-and-regulation-157068.htm?origin=internalSearch
Publication dates
Online17 Jun 2024
Publication process dates
Accepted08 Jun 2024
Deposited29 Jan 2025
Copyright holder© 2024, The Author
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