AI has potential to aid cartelisation; fair competition integral for sustainable growth: CCI chief
predictive algorithms, Competition Commission chief Ravneet Kaur has said, asserting that the watchdog is focused on developing ecosystems that ensure algorithmic transparency and accountability while promoting innovation. The Competition Commission of India (CCI), which works to curb unfair business practices in the market place, has commenced the study on Artificial Intelligence (AI) and competition that is expected to be completed by mid-2025.
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The study will look at various elements, including AI in the area of logistics and algorithms in general.
In an interview to PTI, Kaur said mere use of algorithms cannot be anti-competitive but in case the algorithms are manipulated, then that is a competition issue.
«AI has the potential to aid cartelisation by automating collusive behaviour through predictive algorithms… our focus is on developing ecosystems that ensure algorithmic transparency and accountability while promoting innovation,» she said.
While noting that the market study on AI will examine various risks, she also said the regulator aims to address the concerns through advocacy outreach and an appropriate enforcement mechanism.
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