G7 agree to promote fair competition in generative AI, digital sector

Competition agency representatives from the Group of Seven industrialized nations agreed Wednesday to strengthen cooperation in promoting fair market practices in cutting-edge technology like generative artificial intelligence and online virtual spaces.

In a communique issued following a meeting in Tokyo, the agencies pledged to continue to share legal and regulatory developments in digital markets in an effort to protect competition in each of their economies.

The gathering comes at a critical time when emerging technologies like generative AI run the risk of being dominated by a few key play...