Artificial intelligence “has the potential to transform the way businesses compete as well as drive substantial economic growth,” CMA Chief Executive Sarah Cardell said. “It’s crucial that the potential benefits of this transformative technology are readily accessible to U.K. businesses and consumers while people remain protected from issues like false or misleading information.”
The authority will examine competition and barriers to entry in the development of foundation models. Also known as large language models, they’re a sub-category of general purpose AI that includes systems like ChatGPT. The algorithms these models use are trained on vast pools of online information like blog posts and digital books to generate text and images that resemble human work, but they still face limitations including a