Sponsored
    Follow Us:
Sponsored

The Competition Commission of India (CCI) is embarking on a groundbreaking Market Study on Artificial Intelligence (AI) and its implications for competition. With AI’s transformative potential comes the need to understand its effects on market dynamics, efficiency, and innovation.

Competition Commission of India

22.04.2024

PRESS RELEASE No. 10/2024-25

Competition Commission of India Launches Market Study on Artificial Intelligence and Competition

1. The Competition Commission of India, (‘CCI’/ ‘Commission’) is 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.

2 . CCI is launching a Market Study on Artificial Intelligence (AI) and Competition. The transformative capabilities of AI have significant procompetitive potential, at the same time there may be competition concerns emanating from the use of AI. The proposed Study will be a knowledge building exercise to develop an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI systems and implications of AI applications for competition, efficiency and innovation in key user industries.

3. The objectives of the Study are the following:

i) 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;

ii) To examine the emerging and potential competition issues in these markets/ecosystems, if any;

CCI Launches Market Study on Artificial Intelligence and Competition

iii) To study the scope and nature of AI applications/use cases, and assess associated opportunities, risks and ramifications from a competition standpoint;

iv) To understand the existing and evolving regulatory/legal frameworks governing AI systems and applications in India and other major jurisdictions;

v) To reach out to all relevant stakeholders for a holistic understanding of the issues at the intersection of AI and competition;

vi) 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.

4. Proposals are invited for engagement of an Agency/ Institution for conducting the Study. The last date for submission of proposals is 03.06.2024 (by 05:00 PM).

5. For detailed Request for Proposal (RFP), eligibility criteria and Terms & Conditions, please visit our website: https://www.cci.gov.in/

*****

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930