The UK competition watchdog has signed a joint statement with authorities in the EU and the US agreeing on a shared approach to AI competition regulation.
The Competition and Markets Authority (CMA), along with the European Commission, the US Federal Trade Commission and the US Department of Justice have together outlined their position on managing the competition risks of powerful AI models.
The CMA outlined its principal concerns regarding AI technology earlier this year. These included the potential domination of a handful of Big Tech AI leaders who could use their position in foundational AI to dictate the market.
The CMA and its US and EU counterparts on Tuesday revealed the shared principles that will determine AI competition regulation across the territories.
These principles are: Discouraging exclusionary tactics in AI, encouraging interoperability between AI technologies and ensuring businesses and consumers have a wide array of choices in the AI market.
A joint approach
The joint statement suggests international collaboration will be at the heart of the UK’s approach to AI regulation.
The competition bodies said that while specific rulings may vary from country to country, the global reach and borderless nature of AI means working together is the best approach.
The UK, US and EU have previously shown signs of collaboration in AI regulation. In November of last year at the AI Safety Summit, the Bletchley Declaration was signed by 28 nations agreeing to commit to collaborate on mitigating the risks of AI.
The UK and US’ respective AI safety institutes have also agreed to limited joint safety tests.
There may prove to be greater division between the powers when it comes to legislation, however. The EU has already passed its AI Safety Act, while separate comprehensive AI laws are expected from the UK and the US in the near future.