( July 16, 2024, 01:53 GMT | Official Statement) -- MLex Summary: Overenforcement in the field of generative artificial intelligence could paradoxically engender the very harms policymakers are seeking to avert, the International Center for Law & Economics said in comments submitted to the US Department of Justice's antitrust division in response to an invitation to comment on competition in artificial intelligence. Preventing Big Tech firms from competing in AI markets by threatening competition intervention whenever they forge strategic relationships with AI startups, launch their own generative-AI services, or embed such services in their existing platforms may thwart an important source of competition and continued innovation, ICLE said. "Competition in AI markets is important, but trying naïvely to hold incumbent (in adjacent markets) tech firms back, out of misguided fears they will come to dominate the AI space, is likely to do more harm than good," the center said.See attached document. Statement follows...
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