AI boom may not have positive outcome, warns UK competition watchdog

  • September 18, 2023
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Risks include high prices as well as proliferation of false information, fraud and fake reviews, says CMA

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People should not assume a positive outcome from the artificial intelligence boom, the UK’s competition watchdog has warned, citing risks including a proliferation of false information, fraud and fake reviews as well as high prices for using the technology.

The Competition and Markets Authority said people and businesses could benefit from a new generation of AI systems but dominance by entrenched players and flouting of consumer protection law posed a number of potential threats.

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