WASHINGTON—The Federal Trade Commission and Justice Department’s Antitrust Division participated in the recent G7 Competition Authorities and Policymakers’ Summit to discuss how members are addressing competition concerns in digital markets, including in emerging technologies such as artificial intelligence.
G7 competition authorities and policymakers issued a statement on digital competition at the conclusion of the Summit, which describes a shared commitment to enforce competition laws and develop policies necessary to ensure that principles of fair competition are applied to digital markets, the FTC said.
The statement highlights competition concerns arising from emerging technologies and describes the ways in which G7 members are enhancing their ability to better understand and anticipate the challenges to competition when dealing with new technologies such as generative AI.
The statement also emphasizes that current competition law applies to AI and its uses, and that G7 members are committed to addressing any risks to competition associated with the rise of AI, the FTC noted.
‘Best Practices Shared’
“Competition enforcers around the world are committed to ensuring that free, fair, and open competition prevails across our digital markets,” said FTC Commissioner Rebecca Kelly Slaughter. “At the G7 Summit, global enforcers have the opportunity to discuss key competition issues and to share best practices as we all work to promote competition in emerging technologies and to effectively enforce our competition laws.”
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