The European Commission’s Competition Commissioner, Margrethe Vestager, is increasing pressure on Metaverse and Artificial Intelligence (AI) regulation. This is due to the growing concerns of the potential for AI to be used to manipulate markets, create unfair advantages, and even threaten democracy.
Metaverse is a virtual world created by a company called Metaverse Technologies. It is a decentralized platform that allows users to create and interact with virtual objects, and it is powered by blockchain technology. The platform has been gaining traction in recent years due to its potential to revolutionize the way people interact with each other and with technology.
However, there are concerns that the technology could be used to manipulate markets and create unfair advantages. This has led the European Commission to launch an investigation into Metaverse and its potential for market manipulation. The Commission has also expressed concerns about the potential for AI to be used to manipulate markets and create unfair advantages.
In response to these concerns, Vestager has proposed new regulations that would require companies using AI to be more transparent about their algorithms and the data they use. She has also proposed that companies must provide users with more control over their data and how it is used.
Vestager has also called for more research into the potential risks of AI, such as the potential for AI to be used to manipulate markets and create unfair advantages. She has also proposed that companies should be held accountable for any harm caused by their AI technology.
The European Commission’s increased pressure on Metaverse and AI regulation is an important step in ensuring that the technology is used responsibly and ethically. It is also a sign that the Commission is taking the potential risks of AI seriously, and is willing to take action to protect consumers and ensure fair competition in the market.
Source: Plato Data Intelligence: PlatoAiStream