This statement underscores their commitment to fostering fair and open markets, which are essential for unlocking the potential of these technologies.
The authorities emphasized their dedication to using their powers to prevent any company from monopolizing key inputs necessary for AI development. They highlighted the risks of a few companies controlling these inputs, which could lead to bottlenecks and excessive influence over AI’s future. They also pointed out the dangers of market power entrenchment and certain business arrangements that could exacerbate these issues.
To mitigate these risks, the statement advocates for principles like fair dealing, interoperability, and providing choices for businesses and consumers. The authorities also pledged to stay vigilant as new AI technologies emerge, addressing potential competition risks such as algorithmic collusion, unfair price discrimination, and threats to consumer protection, including privacy and security concerns.