Competition Commission of India Launches Market Study on Artificial Intelligence and Competition

Competition Commission of India Launches Market Study on Artificial Intelligence and Competition
Photo: unsplash.com 22.04.2024 751

The last date for submission of bids is June 3.

The Competition Commission of India (CCI) is launching a Market Study on Artificial Intelligence (AI) and Competition. The transformative capabilities of AI have significant procompetitive potential, at the same time there may be competition concerns emanating from the use of AI, the CCI said in a statement.

“The proposed Study will be a knowledge building exercise to develop an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI systems and implications of AI applications for competition, efficiency and innovation in key user industries,”

said CCI.

The key focus of the study will be to understand the AI ecosystem, applications of the technology in user industries, its market size, its impact on competition in any sector as well as the regulatory and legal frameworks governing AI evolving in India and other major jurisdictions.

The study would also focus on how a competitive environment can be fostered that encourages development of AI by incumbents and entry of new innovators as well as strategies and measures that can be adopted for creating awareness and sensitising all stakeholders regarding the use of AI, its impact on competition and the necessary standard of compliance.

The agency would be expected to collate existing research and data and also speak to stakeholders. The last date for submission of bids is June 3 and the opening of financial bids is on June 26. The appointment would be communicated to the selected agency post approval.

The proposed market study on AI is the latest initiative by India’s anti-trust regulator to look into anti-competitive issues in the emerging digital economy. The CCI has also established a digital markets and data unit to look into the issues in the sector. Recent amendments to the Competition Act are also expected to help the regulator keep a closer watch on anti competitive behaviour by Big Tech firms while a proposed digital competition law is also in the works.

Sources:  CCI, Business Today

digital markets  India 

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