ICO and CMA release joint statement on AI foundation models
Building on their ongoing work, the Competition and Markets Authority (CMA) and Information Commissioner's Office (ICO) have issued a statement addressing AI foundation models (FMs). The regulators reaffirm that neither open-source nor closed-source FMs are inherently preferable from a regulatory standpoint—each requires distinct safeguards and compliance measures.
The statement underscores the importance of transparency for both model types, enabling developers and deployers to make informed compliance decisions. The regulators also reaffirm that their 2021 joint statement on digital markets remains relevant to the evolving AI landscape.
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