G7 antitrust watchdogs signal possible action on AI sector competition
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 07 2024G7 Nations' Antitrust Actions: G7 antitrust authorities are planning to take strong measures to ensure competition in the AI sector, aiming to prevent monopolies and protect consumer trust by addressing competitive disadvantages faced by new entrants.
Guiding Principles for AI Markets: The group emphasized the importance of fair competition, transparency, and open technical standards to foster innovation and prevent market power concentration, while also focusing on consumer protection and copyright issues related to AI.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
