CCI works on understanding AI systems and markets
The Competition Commission of India (CCI) has engaged Management Development Institute Society (MDIS) to conduct the Market Study, Ministry of Corporate Affairs said on 13 Sept.
CCI and MDIS have was signed an agreement for the market study on 9 Sept 2024. The CCI has issued a Request for Proposal to conduct a Market Study on Artificial Intelligence (AI) and Competition in April this year.
The study is to:
To understand certain key AI systems and markets/ecosystems thereof, including AI actors/stakeholders, essential inputs/resources, value chains, market structures and parameters of competition;
To examine the emerging and potential competition issues in these markets/ecosystems, if any;
To study the scope and nature of AI applications/use cases, and assess associated opportunities, risks and ramifications from a competition standpoint;
To understand the existing and evolving regulatory/legal frameworks governing AI systems and applications in India and other major jurisdictions;
To reach out to all relevant stakeholders for a holistic understanding of the issues at the intersection of AI and competition;
To understand trends and patterns of AI and to ascertain enforcement and advocacy priorities of the Commission with respect to AI and its application in markets, said the CCI, a statutory authority established under the Competition Act, 2002 (‘Act) Section 18 of the Act casts a duty on the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade carried on by other participants, in markets in India. Fiinews.com
