The boss of the Competitions and Markets Authority has told the Financial Times that it will launch a review of the artificial intelligence market.
Sarah Cardell said that the CMA that it would look at the software behind platforms, such as ChatGPT and “how the markets around those models are developing.”
The review would examine at consumer protection, competition and “the real opportunities” within AI.
It follows a similar move by the Federal Trade Commission in the US, with Chair, Lina Khan, writing an op-ed in the New York Times entitled: “We Must regulate A.I Here’s How.”
In the UK, Cardell, stated that any investigation was more of a “fact-finding mission” at this stage and they would be engaging with the business and academic community, rather than targeting specific companies.
Earlier this week, Geoffrey Hinton, the British-Canadian cognitive psycholgist and computer scientist, dubbed “The Godfather of AI” quit Google and warned about the growing dangers of AI chatbots.
He told the BBC:
“Right now, what we’re seeing is things like GPT-4 eclipses a person in the amount of general knowledge it has and it eclipses them by a long way. In terms of reasoning, it’s not as good, but it does already do simple reasoning,” he said.
“And given the rate of progress, we expect things to get better quite fast. So we need to worry about that.”
He said that he feared that “bad actors” could use AI to “create sub-goals like ‘I need to get more power.’”
