New Businesses: Artificial Intelligence

(asked on 12th February 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what steps they are taking, if any, to ensure that UK-based artificial intelligence start-ups are not acquired by dominant market players.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 24th February 2020

Under the Enterprise Act 2002, consideration of the competition aspects of mergers and takeovers in the UK is handled by the independent Competition and Markets Authority or, in some cases during the Transition Period, the European Commission.

In March last year, the Digital Competition Expert Panel, led by Professor Jason Furman, made a series of recommendations for how the UK’s competition framework can face the challenges posed by digital markets. The Government welcomed this report and is carefully considering the Panel’s recommendations. The Government will respond in due course.

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