CMA Launches Initial Review Into AI Foundation Models

On 4 May 2023, the CMA launched an ‘initial review’ of AI foundation models.

The review follows the UK government’s request in its AI White Paper for UK regulators to consider their role in the development and deployment of AI.  The review is intended to develop competition and consumer protection guidance/principles that will “best guide the development of these markets going forward.”

The CMA’s readiness to carry out an initial review is consistent with its widely stated ambition to be at the forefront of digital regulation, and the recent explosion of interest in AI globally (including from antitrust regulators, such as  the US FTC’s Lina Khan, who penned an article calling for AI regulation only the day before the launch of the review).

Sarah Cardell, CMA CEO, commented that “AI has burst into the public consciousness over the past few months but has been on our radar for some time … 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”.

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