Some Companies Using AI For Collusion: CCI Chief 

Some Companies Using AI For Collusion: CCI Chief 

SUMMARY

Kaur noted that predictive algorithms may automate collusive behaviour, raising antitrust concerns

The chairperson said that the CCI aims to adopt forward-looking approaches, including trust-based regulations and algorithmic transparency

The union minister of state for corporate affairs, Harsh Malhotra, also called for real-time monitoring of markets to ensure fair competition.

The Competition Commission of India’s (CCI) chairperson Ravneet Kaur has raised concerns about companies using AI for price collusion. 

Kaur, while speaking at the 10th National Conference on Economics of Competition Law, said that companies are deploying AI to coordinate prices without explicit agreements and are engaging in algorithmic discrimination under the guise of dynamic pricing. 

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