British author Neil Gaiman denies ever engaging in non-consensual sex as more accusers come forward
A look at the events that led up to the detention of South Korean President Yoon Suk Yeol
The long struggle to establish Martin Luther King Jr. Day
Two private lunar landers head toward the moon in a roundabout journey
TikTok preparing for U.S. shut-off on Sunday, The Information reports
Japan's Makino Milling requests changes to unsolicited bid from Nidec
As Los Angeles burns, Hollywood's Oscar season turns into a pledge drive
As fires ravage Los Angeles, Tiger Woods isn't sure what will happen with Riviera tournament
(Reuters) -Regulators in the United States, European Union and Britain have signed a joint statement to ensure effective competition in the artificial intelligence space, setting out principles to protect consumers.
Generative AI has rapidly evolved in recent years and the "technological inflection points" could introduce new means of competing, catalyzing opportunity, innovation and growth, the statement said.
The watchdogs, which include the European Commission, the UK's Competition and Markets Authority, the U.S. Department of Justice and the U.S. Federal Trade Commission, said they plan to safeguard against tactics that could undermine fair competition.
"Guided by our respective laws, we will work to ensure effective competition and the fair and honest treatment of consumers and businesses," they said.
The common principles set out include fair dealing and prevention of exclusionary tactics as well as closer scrutiny of investments and partnerships between incumbents and newcomers.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)
