AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief

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Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, CCI chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach as well as trust-based regulations.

Delivering the special address at the 10th National Conference on Economics of Competition Law in the national capital, Kaur said artificial intelligence (AI) is a driving force in modern markets.

AI shapes pricing strategies,…



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AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief


Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, CCI chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach as well as trust-based regulations.

Delivering the special address at the 10th National Conference on Economics of Competition Law in the national capital, Kaur said artificial intelligence (AI) is a driving force in modern markets.

AI shapes pricing strategies,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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