CMA warns about the dominance of entrenched players in AI and violations of consumer protection law.
AI systems like the ChatGPT chatbot and Stable Diffusion image generators, driven by 'foundation models', could take away white-collar jobs.
CMA reports around 160 foundation models from companies including Google, Meta, Microsoft, OpenAI, and UK-based Stability AI.
The CMA proposes a set of principles for AI development, including access to data and computing.