U.K. Competition and Markets Authority Review of AI Models

Summary
On May 4, 2023, the U.K. Competition and Markets Authority (CMA) announced an initial review of AI foundation models (including large language models and other forms of generative AI). The CMA’s announcement states that the initial review will: - examine "how the competitive markets for foundation models and their use could evolve[;]” - “explore "what opportunities and risks these scenarios could bring for competition and consumer protection[;]” and - produce guiding principles to support competition and protect consumers as AI foundation models develop. The CMA intends to publish a report on its findings in September 2023, and updates on the CMA’s work can be found on its artificial intelligence case page.