Lina M. Khan, chair of the U.S. Federal Trade Commission, and other representatives of the G7 leading industrialized nations have issued a communiqué addressing potential concerns over fair competition on the use of artificial intelligence-enabled solutions.
The document highlights competition authorities and policymakers’ role in addressing competitive threats and listed competition concerns identified by a dedicated G7 working group, including:
- a small number of firms gaining concentrated control of crucial AI inputs,
- dominant tech platforms exploiting their market power to limit consumer choice and prevent the entry of smaller firms,
- risks related to firms with significant power in the existing digital market extending such influence into AI markets,
- partnerships among big businesses suppressing competition in the AI sector, and
- collusion between firms using AI to coordinate prices or wages.
The bulletin also raised several concerns over AI’s impact on society, including human innovation, consumer protection, and privacy and data protection.
The communiqué was issued after the G7 Competition Authorities and Policymakers Summit in Rome, Italy. The summit featured discussions on ensuring competition in advancing AI-powered technologies, products and applications.