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ARTICLE · 24 SEPTEMBER 2023

UK CMA Publishes Thoughtful Report On AI Foundation Models

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On 18 September 2023, following its initial review of artificial intelligence (AI) foundation models (FMs), the UK Competition and Markets Authority (CMA) published its eagerly awaited report...

European UnionAntitrust/Competition Law
Davina Garrod
Davina Garrod
Scott Pettifor
Scott Pettifor
Marianna Meriani
Marianna Meriani
Kadambari Chinoy
Kadambari Chinoy
Tommi Lahtinen
Tommi Lahtinen
Marcello Prota
Marcello Prota
Aaron Brooks
Aaron Brooks
Andy Senga (Economic Research Analyst)
Andy Senga (Economic Research Analyst)
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On 18 September 2023, following its initial review of artificial intelligence (AI) foundation models (FMs), the UK Competition and Markets Authority (CMA) published its eagerly awaited report (the "Report").1 The Report has been published within the wider context of the UK government's ambition to create a safe and pro-innovation framework for regulating AI, with AI and AI regulation being a priority for the UK government.2

Key takeaways include:

  • The FM landscape is nascent and emerging, and there is already a wide range of FMs available through varying levels of access.
  • A variety of different organisations are investing and developing FMs, with a diversity of business models, including both open and closed.

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