Recently, the Digital Markets & Data Division (DMDU) within the regulator was upgraded to a full-fledged Digital Markets Division (DMD) led by an advisor (File) | Photo credit: Reuters
Competition Commission chairman Ravneet Kaur said artificial intelligence (AI) has the potential to automate collusive behavior and aid cartelization through predictive algorithms, adding that the watchdog will encourage transparency in algorithms while fostering innovation. It claimed to be focused on developing an ecosystem that ensures gender equality and accountability.
The Competition Commission of India (CCI), which works to curb unfair business practices in the market, has started a probe into artificial intelligence (AI) and competition, which is expected to be completed by mid-2025.
The study will consider various factors, including AI and algorithms in general in the logistics field.
In an interview to PTI, Kaur said that the mere use of algorithms cannot be called anti-competitive, but if the algorithms are manipulated, it becomes a competitive issue.
“AI has the potential to automate collusive behavior and support cartelization through predictive algorithms. We are committed to developing an ecosystem that fosters innovation while ensuring algorithmic transparency and accountability.” “It’s a focus,” she said.
He noted that market research on AI examines a range of risks, but added that regulators aim to address concerns through advocacy and appropriate enforcement mechanisms.
The watchdog has taken orders against technology companies for alleged anti-competitive practices and is also working to strengthen their ability to meet the challenges posed by new-age markets.
The Digital Markets and Data Unit (DMDU) within the regulator was recently upgraded to a full-fledged Digital Markets Division (DMD) led by an advisor.
Kaul, who took over as chairman in April 2023, said: “We are building our technical expertise and collaborating with subject matter experts to understand the complexities of new-age markets.” .
The regulator also plans to recruit more subject matter experts to help assess competition amid the rapidly changing technology landscape.
“Hiring experts in areas such as AI, data analytics and digital markets is a top priority. This will ensure that CCI is future-ready and well-equipped to meet the challenges posed by rapidly evolving technology. We will ensure proper equipment,” Kaul said.
Regarding the Digital Markets Division (DMD), he said the regulator is in the process of recruiting data analysts and will consider further expansion of the team once the pre-regulatory proposal takes concrete shape.
“Big technology and e-commerce present unique challenges due to their scale, complex ecosystems, and rapid innovation. However, CCI leverages a strong regulatory framework, global best practices, and We are working with people to address these issues.
“The establishment of DMD and continued market research on ‘AI and competition’ will enable us to better assess and resolve these challenges,” she said.
According to the annual report, the CCI received 50 antitrust information in 2023-2024, issued prima facie orders regarding 33 cases of alleged anti-competitive conduct and “approved/disposed of” 101 combinations. did.
issued – December 30, 2024 8:52 AM IST
