AI and Competition Policy: Balancing Innovation and Market Regulation

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Geschreven door P. C.

Artificial Intelligence (AI) is emerging as the next frontier in competition policy after two decades of debate around platforms, data control, and conventional algorithms In July 2024, competition agencies from the EU, UK, and US issued a Joint Statement affirming their vigilance regarding AI, particularly generative AI (genAI)—which generates text, images, and data in response to prompts. Their focus is on the risks of market dominance by firms with control over key AI inputs, such as specialised chips, large-scale compute, and vast datasets. The concern is that a few powerful players could exploit bottlenecks across the AI stack.

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