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Regulators Sign Joint Statement to Ensure Fair Competition in AI
In a coordinated effort, regulators from the United States, European Union, and Britain have issued a joint declaration aimed at safeguarding competition within the artificial intelligence sector. The statement outlines key principles designed to protect consumers and promote fair treatment of businesses operating in this rapidly evolving field.
The European Commission, the UK's Competition and Markets Authority, the U.S. Department of Justice, and the U.S. Federal Trade Commission collectively stressed their commitment to maintaining competitive markets in their announcement on Tuesday. "Guided by our respective laws, we will work to ensure effective competition and the fair and honest treatment of consumers and businesses," the statement read.
