Here she was interacting with journalists on the sidelines of a conference.
“Soon, we will be launching a tender seeking the views of businesses to carry out a market study for us so that we can better understand how artificial intelligence (AI) can impact businesses as it offers services and also acts as a platform,” Kaur said.
She said she hoped the tender should be opened in about two weeks, although the terms of reference for the proposed study have not yet been defined.
According to her, a management consulting firm, an accounting firm or a legal firm can embark on the study.
In recent times, there has been an increasing use of AI applications across several industries. Regarding data protection, Kaur said that the CCI looks at it from two angles, one concerns personal data and the other. administrative ministry concerned has already developed the required standards. “Our interest is to look at data protection from the point of view of data access, analysis, storage and finally its subsequent use by third parties,” she said, adding that this was to check whether there are anti-competitive practices. .
“In fact, we’ve looked at this very closely when it comes to big tech companies. We’ve taken action in the recent past by penalizing them for violations and requiring them (to take) corrective action.” , Kaur said. said.
On the recent amendments to the Competition Act, Kaur said the CCI would notify the sections relating to leniency plus regime, antitrust framework and regulations and mergers very soon.
The public consultation process has been completed and sections will be notified gradually, she added.
Recent changes to the law aim to provide regulatory certainty and a business environment based on trust.
The settlement and engagement framework will reduce litigation and expedite the antitrust enforcement process, enable faster market corrections, and foster a more efficient and less adversarial legal environment, she noted.
