US, UK, EU Unite to Safeguard AI Market Competition

Regulators set principles to prevent monopolies and protect consumers as AI technology advances rapidly.

Joint statement emphasizes fair dealing, interoperability, and consumer choice.
Agencies aim to prevent concentrated control of AI resources by a few major firms.
Regulators to scrutinize partnerships and investments in the AI sector closely.
Focus on maintaining a level playing field for innovation and growth.
Commitment to sharing information and coordinating actions across borders.