UK Competition Authority Proposes Methods to Protect Consumers From AI Overreach

• The UK's Competition and Markets Authority (CMA) warns that the future role of artificial intelligence (AI) cannot be assumed to be positive, as big players dominate the space and consumer protection is lacking.
• Concentration of power in major companies could expose consumers to false information, AI fraud, and fake reviews in the short term, and harm consumers through high prices in the long term.
• The CMA proposes that new AI entrants should have access to data and computing power to limit the advantage of market leaders, and businesses should be able to develop their own models without being forced into one ecosystem.
• The government is urged to balance the needs of those vulnerable to AI with those developing the tools, as the use of creative data in training models has raised concerns.

The article highlights concerns raised by the UK's Competition and Markets Authority (CMA) regarding the potential negative impact of AI due to market dominance and lack of consumer protection. The tone of the article is cautionary and emphasizes the need for government intervention to ensure a balanced and beneficial AI landscape.