AI boom may not have positive outcome, warns UK competition watchdog

Risks include high prices as well as proliferation of false information, fraud and fake reviews, says CMA

Business live – latest updates

People should not assume a positive outcome from the artificial intelligence boom, the UK’s competition watchdog has warned, citing risks including a proliferation of false information, fraud and fake reviews as well as high prices for using the technology.

The Competition and Markets Authority said people and businesses could benefit from a new generation of AI systems but dominance by entrenched players and flouting of consumer protection law posed a number of potential threats.

Continue reading…

About Author