UK antitrust agency probes AI market as calls for regulation grow louder

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City AM

By Abby Wallace The UK’s competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation. The UK Competition and Markets Authority (CMA) said the government-backed review will look at what risks AI tools could pose for consumers and competition. Sarah Cardell, chief executive of the CMA, said AI had recently “burst into the public consciousness,” but that the technology had been “on our radar for some time.” “It’s crucial that the pot…

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