The Business Bytes
NEW DELHI, APRIL 22, 2024 (TBB BUREAU): In a bid to comprehensively understand the evolving landscape of Artificial Intelligence (AI) and its implications on competition, the Competition Commission of India (CCI) has announced the initiation of a Market Study. This pioneering endeavour aims to delve deep into the transformative potential of AI while addressing pertinent competition concerns arising from its widespread adoption.
The study, set to commence imminently, will serve as a knowledge-building exercise, fostering an in-depth comprehension of the dynamic competition dynamics within AI ecosystems. Through rigorous analysis, the CCI seeks to unravel the intricate webs of AI systems, delineating key actors, market structures, and competitive parameters therein.
With a multifaceted approach, the objectives of the study encompass various facets of AI and competition.
The study will scrutinize crucial AI systems and their respective markets/ecosystems, shedding light on essential inputs, value chains, and prevailing competitive dynamics.
By delving into emerging and potential competition concerns within AI markets, the study aims to proactively address any antitrust challenges that may arise.
Examining the scope, nature, and implications of AI applications, the study will evaluate associated opportunities, risks, and competition-related ramifications.
A critical aspect of the study involves assessing the existing and evolving regulatory frameworks governing AI systems and applications in India and other key jurisdictions.
Recognizing the importance of stakeholder input, the CCI endeavors to engage with all relevant stakeholders to garner holistic insights into the intersection of AI and competition.
Lastly, the study seeks to discern trends and patterns in AI adoption, thereby informing the Commission’s enforcement and advocacy priorities concerning AI applications in various markets.
Interested agencies and institutions are invited to submit proposals for engagement in conducting this pivotal study, with the submission deadline set for June 3, 2024, by 05:00 PM.
