New Delhi, March 16 The Competition Commission is preparing to take action against anti-competitive practices that may emerge in the field of artificial intelligence, including algorithmic collusion, Ravneet Kaur, the regulator's chief, said on Monday.
She said the watchdog is also looking into anti-trust issues in the sports, civil aviation, paints and varnishes, and liquor sectors.
The Competition Commission of India (CCI) monitors unfair business practices in the marketplace.
"... we are getting ready to take action even on any anti-competitive practices which may emerge in the AI front.
"So, we've identified potential anti-competitive conduct... which would be concentration in the AI value chain. It could be algorithmic collusion, targeted price discrimination, self-preferencing, or any opaqueness in the AI," Kaur said.
Last year, the CCI released a market study on AI and competition.
Speaking at the 11th National Conference on Economics of Competition Law in the national capital, the CCI Chairperson said that around 90 per cent of the anti-trust matters received by the regulator have been disposed of.
"We receive anti-trust matters from all across. We have a total of 1,360 anti-trust information which has been received by the Commission, and out of that, 1,211 (matters) have already been decided and disposed of," she said.
At the conference, Niti Aayog Member Rajiv Gauba said that a robust competition regime is necessary to attract foreign investments.
He emphasised the need to avoid extremes and over-regulation in terms of competition law and to ensure a delicate balance.
