Regulators investigating rapid rise of consumer AI like ChatGPT

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Regulators are starting to investigate how to deal with the rapid rise of consumer AI like ChatGPT

The UK government is calling for an investigation into the rapid rise of consumer AI like ChatGPT to create guidance around how to protect and support consumers, businesses, and the economy.

"The government has asked regulators including the Competition and Markets Authority , to think about how the innovative development and deployment of AI can be supported against five overarching principles: safety, security and robustness; appropriate transparency and explainability; fairness; accountability and governance; and contestability and redress,"The CMA's review, which is in the early stages at present, will look at how AI models can benefit businesses and consumers,...

The technology"has the potential to transform the way businesses compete as well as drive substantial economic growth," the CEO of the CMA, Sarah Cardell, said. "It's crucial that the potential benefits of this transformative technology are readily accessible to UK businesses and consumers while people remain protected from issues like false or misleading information," Cardell added.

Meanwhile, in the US the CEOs of leading AI companies Alphabet, Microsoft, OpenAI, and Anthropic sat down for a

 

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