As fears grow, UK to review AI impact

By Kavit Majithia

May 21, 2023 12:03 am

THE UK government launched an initial review into AI to examine its impact on consumers, businesses and the economy as concerns continue to mount about the technology's rapid development.

In a statement, the Competition and Markets Authority (CMA) noted the government had instructed regulators to look into how development and deployment of AI could be supported against five principles: safety; transparency; fairness; accountability and governance; and contestability and redress.

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