AI Foundation Models: Update paper
Update paper as part of the CMA's AI Foundation Models: initial review, following initial report in September 2023.
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The CMA launched its AI Foundation Models: initial review in May 2023. We published our initial report in September 2023, in which we proposed principles to guide the development and deployment of FMs to positive outcomes for competition and consumer protection.
Following extensive engagement and our ongoing monitoring of market developments, this update paper:
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provides an overview and discussion of key changes in the FM sector since the publication of our initial report
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confirms final principles for guiding the market to positive outcomes for competition and consumer protection
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sets out risks to competition and consumer protection, including three key risks to fair, open and effective competition that we see arising from current and potential developments in the FM sector, assessing how they would be mitigated by the CMA’s principles and identifying the actions we are taking now, and are considering taking in the near future to seek to address these risks
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outlines the next steps for the CMA’s AI FM programme of work
In addition to the above, the technical update report also includes more detail on market developments and feedback received from stakeholders as part of this phase of our work.
More information about the review is available on the AI foundation models case page.
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Press notice: CMA outlines growing concerns in markets for AI Foundation Models
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Sarah Cardell, CEO of the CMA: Opening remarks at the American Bar Association (ABA) Chair’s Showcase on AI Foundation Models
Last updated 16 April 2024 + show all updates
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Technical update report published.
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First published.