Credit: growth.ai/Adobe Stock U.S., European Regulators Will Focus on Preventing AI Competition Risks, Repeat of Prior Digital Monopolies
"There's global regulatory remorse over failing to step in to prevent deals or to address conduct that occurred in the earlier stages of other digital markets like social media and online advertising," said antitrust attorney Kathleen O'Neill.
July 26, 2024 at 11:53 AM
4 minute read
U.S. and European regulators are seeking to prevent the artificial intelligence industry from being dominated by only a few major companies, a monopolistic threat that stifled competition in earlier digital modalities, the Federal Trade Commission and Department of Justice said this week in a statement with their foreign counterparts.
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