The Italian competition authority (AGCM) has been hosting a two day G7 Competition Summit that is ending today. The discussions at the summit centered around competition and regulatory challenges posed by the rapid growth of artificial intelligence, especially Generative AI models and algorithms.
Attending authorities and agencies also exchanged views on other concerns in digital markets and how to use both preventive (ex-ante) and corrective (ex-post) approaches to address these challenges.
The European Commission shared its experience with the application of the Digital Markets Act aimed at ensuring fairness and contestability in digital markets, with a particular focus on AI. The Commission also briefed the G7 partners about the regulatory developments in the EU, including the recently adopted AI Act.
The participants agreed to promote cooperation, exchange of knowledge and develop a common vision for the future of competition policy and other policies, and their enforcement among G7 countries in the era of AI.
The discussions showed clearly the importance of a multi-prong approach, where vigorous antitrust enforcement must be combined with digital and AI-specific regulation, digital capacity, international cooperation and broader policy dimensions.
You can read more information about the G7 Competition Summit:
Background:
Details
- Publication date
- 4 October 2024
- Authors
- Directorate-General for Competition | Directorate-General for Communications Networks, Content and Technology