China targets AI-powered price manipulation in new antitrust guidelines

China targets AI-powered price manipulation in new antitrust guidelines

A draft of the “Anti-Monopoly Compliance Guidelines for Internet Platforms”, published over the weekend by the State Administration for Market Regulation (SAMR), focused heavily on the sophisticated, often opaque ways in which online platforms with significant market power can exploit technological advantages to exclude rivals and harm consumer interests. The document identified eight “new risks”,…

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China

China’s premier warns of AI ‘monopoly’ as US speeds up efforts

China will lead the establishment of an international organization to collaboratively develop AI, according to the country’s premier, aiming to ensure that this transformative technology doesn’t become controlled by only a few nations or companies. Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier…

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