The Competition & Markets Authority (‘CMA’) published its response to the Department for Digital, Culture, Media & Sport (‘DCMS’) policy paper on establishing a pro-innovation approach to regulating artificial intelligence (AI) on 29 September 2022. This is in parallel with the coming into force of the new National Security & Investment Act 2021, under which the UK government is scrutinising transactions that use AI to produce goods, services and technology with the potential to track individuals, objects and events.

In its response, the CMA commented on the need to (i) adopt a risk based approach to the regulation of AI, (ii) consider whether existing regulatory powers are appropriate, and (iii) encourage collaboration between regulators.

Continue Reading The CMA’s shares its thoughts on a ‘pro-innovation’ approach to regulating artificial intelligence