Kaur said that AI can bring a lot of benefits in sectors such as healthcare, education, logistics, agriculture and supply chain management. She said that there were potential risks in concentration of the entire AI value chain where there is targeted price discrimination based on economic means, location, or opaque systems and exclusive partnerships.
The CCI chairperson said that the Commission would come into the picture if innovation is being used to ensure that no other people can come into the market or enforce unfair conditions.
Stressing that the purpose of the antitrust regulator was not to stifle innovation and that consumer welfare was not the most critical factor, Kaur said, ”We are here, in fact, to protect innovation, because that is the way to grow. That is the way new players will keep coming in, bringing better technologies, better value for the customer.”