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International competition agencies issue statement on generative AI

Bill Gates at Senate AI hearing 2023
Bill Gates at the Senate AI hearings last year. Regulators are concerned about big tech company dominance. Photo: Chip Somodevilla/Getty Images

Alexander Barzacanos

1 min read
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Joint statement from four regulators addresses risks of anticompetitive tendencies in the AI market.

Officials from the FTC, the DOJ’s Antitrust Division, the European Commission and the UK’s Competition and Markets Authority have released a joint statement on anticompetitive risks in the generative AI market. It emphasized the possibility that big industry players might crowd out smaller companies due to their existing

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