Displaying items by tag: digital consumer bill

The UK competition watchdog has launched a review of the artificial intelligence market, as it warned of threats from AI tools including the distribution of false or misleading information. This announcement comes as global regulators increase scrutiny of the technology, look at the underlying systems, and foundation models behind AI tools such as ChatGPT. The US vice-president invited the CEOs of leading AI firms to the White House on 5 April to discuss how to deal with the safety concerns around the technology in a week when hundreds of millions of pounds were wiped from the share price of UK’s education company Pearson after a US provider of online help to students revised its financial forecasts and warned ChatGPT was affecting customer growth. Global companies like Google, Apple and Amazon may have to pay penalties of up to 10% of their turnover as the Government gives its competition watchdog more power.