Tuesday, December 18, 2018
SAVE THE DATE CCP 15th Annual Conference 6 - 7 June 2019, London Machine Learning & AI as Business Tools Threat or blessing for competition?
The power of modern computing including Machine Learning and AI represents a transformation in technology with potentially profound impact on the market place. Such disruptive innovation has the potential to fundamentally increase competition in all sectors of the economy. But there are also considerable concerns that exactly the same forces might allow greater exploitation of consumers by facilitating and even automating anticompetitive behaviour and preying on consumers by taking advantage of limited attention, information processing, and boundedly rational behaviour. In this context there is a pressing need for a better understanding of how competition is likely to evolve, how compliance with competition law can be ensured and how to think about long term impacts and responses to having a small number of powerful players.