The 50th G7 Italy recently held a two-day summit in Rome, Italy. One of the summits, the "G7 Competition Regulators and Policymakers Summit", focused on artificial intelligence (AI). development, and further discussed the risks and challenges that generative AI (GenAI) brings to the competitive market under the rapid development. This meeting also formulated some principles for the development of AI, emphasizing the strengthening of anti-monopoly law enforcement to prevent large companies from abusing their market advantages. , and ensure the safety and fairness of AI technology.
AI giants monopolize resources and threaten new startups
AI technology can stimulate the economy and increase productivity, but it also brings competitive risks. G7 pointed out that due to the high cost of the AI market and its reliance on large amounts of data, it is easy for large companies to monopolize the market, making it difficult for new companies to enter. The G7 is also worried that some technology giants will use their own advantages to monopolize AI-related resources, bundle sales, and favor their own products and services, leaving consumers with no other choice and setting high barriers to entry into the market. Currently, the G7 has reached a consensus to take enforcement actions against antitrust to ensure fair competition in the market.
(Note: Bundling means that a company packages products into a set for sale, so that consumers must buy the entire set and cannot choose individually.)
GenAI violates data privacy and creators’ rights
G7 also focused on the social risks that GenAI may cause in terms of consumer protection, privacy and data use. Because GenAI relies on large amounts of human-created content for training, this may infringe on the rights of creators, especially if the data is used without authorization. In addition, the G7 expressed the need to ensure that AI avoids providing false or misleading information and called on countries to strengthen privacy regulations.
This article G7 Competition Supervision Summit: AI giants please give space for new innovations, GenAI should not take away the jobs of creators first appeared on Lian News ABMedia.
