Competition and Markets Authority unveils principles for responsible AI

Share post:

The U.K.’s Competition and Markets Authority (CMA) has set out seven principles to guide the development and deployment of foundation models, a type of artificial intelligence (AI) system that is used to create many generative AI use cases.

CMA’s guidelines encompass seven fundamental principles for companies engaged in building foundation models. They emphasize accountability, ensuring that developers and businesses using these models are responsible for the results delivered to consumers.

They also stress the importance of providing widespread access to essential components like chips, processors, and training data, essential for AI system development.

Additionally, CMA encourages a diverse array of business models, encompassing both open and closed models. Companies are urged to grant businesses the flexibility to decide how they employ these models, fostering interoperability and discouraging anti-competitive practices like bundling or self-preferencing. Transparency is another key pillar, with CMA insisting that companies unveil the risks and limitations associated with generative AI content.

These principles were formulated following an initial review, preceding a series of dialogues with stakeholders, including developers like Google, Meta, OpenAI, and Microsoft, among others.

CMA asserts that these principles are indispensable to safeguarding competition and preventing the proliferation of underperforming AI systems. It adds that providing principles for the development and deployment of foundation models is necessary to protect competition and prevent low-performing AI systems from proliferating.

The sources for this piece include an article in TheVerge.


Related articles

Costs from Global CrowdStrike Outage Could Exceed $1 Billion

The global tech outage caused by a faulty CrowdStrike update on Friday could result in damages exceeding $1...

CrowdStrike exec’s ironic prediction: Hashtag Trending for Tuesday, July 23, 2024

CrowdStrike predicts their own issues, VMWare continues to confuse, the work week in Bangalore will amaze and Microsoft...

CrowdStrike update causes global IT outages, fix is available

Some airlines, banks and government services around the world have been affected by a faulty software update for...

Charges dismissed in SolarWinds hacking case

A judge has dismissed most of the Securities and Exchange Commission's (SEC) fraud charges against SolarWinds related to...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways