The Italian competition authority (AGCM) has been hosting a two day G7 Competition Summit that is ending today. The discussions at the summit centered around competition and regulatory challenges posed by the rapid growth of artificial intelligence, especially Generative AI models and algorithms.

Attending authorities and agencies also exchanged views on other concerns in digital markets and how to use both preventive (ex-ante) and corrective (ex-post) approaches to address these challenges.

The European Commission shared its experience with the application of the Digital Markets Act aimed at ensuring fairness and contestability in digital markets, with a particular focus on AI. The Commission also briefed the G7 partners about the regulatory developments in the EU, including the recently adopted AI Act.

The participants agreed to promote cooperation, exchange of knowledge and develop a common vision for the future of competition policy and other policies, and their enforcement among G7 countries in the era of AI. 

The discussions showed clearly the importance of a multi-prong approach, where vigorous antitrust enforcement must be combined with digital and AI-specific regulation, digital capacity, international cooperation and broader policy dimensions. 

You can read more information about the G7 Competition Summit:G7 press releaseG7 Communiqué

Background:the Digital Markets Actthe Artificial Intelligence Act

G7 Competition Summit Focuses on AI Regulation and Cooperation

The G7 Competition Summit, hosted by the Italian competition authority, focused on the regulatory challenges brought about by the rapid expansion of artificial intelligence, with a particular emphasis on Generative AI models and algorithms.

Authorities and agencies in attendance exchanged views on addressing competition and regulatory issues in digital markets through both preventive and corrective measures.

The European Commission shared insights on implementing the Digital Markets Act and the recently adopted AI Act to ensure fairness and contestability in digital markets, especially in the realm of AI.

Participants at the summit agreed to enhance cooperation, share knowledge, and develop a unified vision for competition policy and enforcement in the AI era among G7 countries.

The discussions highlighted the need for a comprehensive approach that combines robust antitrust enforcement with AI-specific regulation, digital capacity building, international cooperation, and broader policy considerations.



G7 Competition Summit Focuses on AI Regulation and Cooperation

The G7 Competition Summit hosted by the Italian competition authority discussed challenges posed by the rapid growth of artificial intelligence, particularly Generative AI models and algorithms.