FTC, DOJ, and International Enforcers Issue Joint Statement on AI Competition Issues

Federal Trade Commision (“FTC”), Department of Justice (“DOJ”) and International Enforces have issued a joint statement (“The Statement”) on AI Competition Issues.

According to the Statement;

• The joint statement notes that while AI has the potential to become one of the most significant technological developments of the past couple of decades, it also raises competition risks that may prevent the full benefits of AI from being realized. All four antitrust enforcers pledged in the joint statement to remain vigilant for potential competition issues and expressed their determination to use available powers to safeguard against tactics that would undermine fair competition or lead to unfair or deceptive practices in the AI ecosystem.
• To assess competition risks to AI, the joint statement stressed the importance of focusing on how emerging AI business models drive incentives, and ultimately behavior. Competition questions in AI will be fact-specific but several common principles—fair dealing, interoperability, and choice—will generally help enable competition and foster innovation, as outlined in the joint statement. While potential harms may be felt across borders, the joint statement makes it clear that U.S. decision-making will always remain independent and sovereign.

You can access the full text of the Announcement here.

Kind regards,

Zumbul Attornesy-at-Law

info@zumbul.av.tr