From Inside Privacy – Covington:
On 4 May 2023, the UK Competition and Markets Authority (“CMA”) announced it is launching a review into AI foundation models and their potential implications for the UK competition and consumer protection regime. The CMA’s review is part of the UK’s wider approach to AI regulation which will require existing regulators to take responsibility for promoting and overseeing responsible AI within their sectors . . . . The UK Information Commissioner’s Office (“ICO”) has also recently published guidance for businesses on best practices for data protection-compliant AI.
The CMA’s focus is on foundation models – a type of AI model trained on large amounts of data that can be adapted to a wide range of different tasks and services such as chatbots and image generators – and how their use could evolve in the future. The review will focus on three main themes:
- Competition and barriers to entry in the development of foundation models;
- The impact foundation models may have on competition in other markets; and
- Potential risks to consumers arising from the use of foundation models in products and services.
As part of its evidence gathering efforts, the CMA will issue “short information requests” to key players including “industry labs developing foundation models, developers… leading technology firms” and others
Link to the rest at Inside Privacy – Covington
“Covington” in the source refers to Covington & Burling, an extremely large world-wide law firm, founded in 1913 in Washington, DC., by the two original partners. Covington grew to 100 attorneys by 1960, more than 200 attorneys by 1980. Today, Covington & Burling has more than 1,300 attorneys plus many, many more paralegals, assistants and inside experts in 13 offices, including places like Dubai, Johannesburg and Frankfurt.
One of the more recently-created practice areas focuses on legal issues related to artificial intelligence and robotics. It’s managed by three senior partners located in Washington, New York and Frankfurt. In a couple of weeks, the Artificial Intelligence and Robots group will host its 2023 Robotics Forum which will include presentations on subjects like Regulation of Data in Machine Learning and AI.
Per the OP, lots of non-technical law makers are trying to understand AI and, PG suspects, have no idea how they will or can regulate it in one way or another. Since a great deal of AI can be reached and used via the internet and, PG suspects, that AI can or will soon be able to live in distributed computing environments linked by high speed data connections, the question of what government or collection of governments has the ability to regulate AI usage will be a real hairball. PG suspects Covington and similarly large international law firms want to be exceedingly involved in those sorts of questions.