On May 4, the UK’s Competition and Markets Authority (CMA) announced the launch of its initial review of AI models, with the view of understanding the impact on competition and consumer protection. Three themes are explored

1) Ccompetition and barrier to entry in the development of foundation models,

2) Tthe impact of these models on competition in other markets, and

3) Cconsumer protection.

On the same day, the US announced among other topics:

1) Actions to promote responsible AI innovation, including a) public assessment of existing generative AI systems and b) policies on the use of AI systems, thereby leading by example to mitigate AI risks and take advantage of AI opportunities.

2) A National standards Strategy for Critical and Emerging Technology focused on four key objectives

a) Investments in standards development,

b) Participation of the private sector industry and academic research community,

c) Development of workforce, and

d) Integrity and inclusivity, based on participation and responsiveness to market and societal needs.