The Federal Trade Commission and the Department of Justice's Antitrust Division participated today in the G7 Summit of Competition Authorities and Policymakers to discuss how members are addressing competition concerns in digital markets, including emerging technologies such as artificial intelligence (AI).
G7 competition authorities and policymakers issued a statement on digital competition at the conclusion of the Summit, which outlines a shared commitment to enforce competition laws and develop the policies necessary to ensure that fair competition principles apply to digital markets.
The statement highlights competition concerns arising from emerging technologies and outlines ways in which G7 members are improving their ability to better understand and anticipate challenges to competition by addressing new technologies such as generative AI. The statement emphasizes that current competition law applies to AI and its uses, and that G7 members are committed to addressing any risks to competition associated with the rise of AI.
โCompetition enforcers around the world are committed to ensuring that free, fair and open competition prevails in our digital markets. โAt the G7 Summit, global law enforcers have the opportunity to discuss key competition issues and share best practices as we all work to promote competition in emerging technologies and effectively enforce our competition laws,โ he said. FTC Commissioner Rebecca Kelly Slaughter.
In preparation for the Summit, G7 members contributed to the Compendium of approaches to improve competition in digital marketswhich describes the efforts of competition agencies in digital markets.
The Summit was convened by the G7 Digital and Technology Ministers and organized in Tokyo by the Japan Digital Market Competition Headquarters Secretariat and the Japan Fair Trade Commission. Delegates from the G7 authorities of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Commission participated in the event.
