FTC, DOJ Meet with G7 Enforcement Partners to Discuss Competition in Digital Markets

Share This Post

The Federal Trade Commission and Justice Department’s Antitrust Division participated in the G7 Competition Authorities and Policymakers’ Summit today to discuss how members are addressing competition concerns in digital markets, including in emerging technologies such as artificial intelligence (AI).

G7 competition authorities and policymakers issued a statement on digital competition at the conclusion of the Summit, which describes a shared commitment to enforce competition laws and develop policies necessary to ensure that principles of fair competition are applied to digital markets.

The statement highlights competition concerns arising from emerging technologies and describes the ways in which G7 members are enhancing their ability to better understand and anticipate the challenges to competition when dealing with new technologies such as generative AI. The statement emphasizes that current competition law applies to AI and its uses, and that G7 members are committed to addressing any risks to competition associated with the rise of AI.  

“Competition enforcers around the world are committed to ensuring that free, fair, and open competition prevails across our digital markets. At the G7 Summit, global enforcers have the opportunity to discuss key competition issues and to share best practices as we all work to promote competition in emerging technologies and to effectively enforce our competition laws,” said FTC Commissioner Rebecca Kelly Slaughter.  

In preparation for the Summit, G7 members contributed to the Compendium of Approaches to Improving Competition in Digital Markets, which describes competition agency efforts in digital markets.

The Summit was convened by the G7 Digital and Tech Ministers and hosted in Tokyo by Japan’s Secretariat of Headquarters for Digital Market Competition and the Japan Fair Trade Commission. Delegates from G7 authorities in Canada, France, Germany, Italy, Japan, the UK, the United States, and the European Commission participated in the event.

Official news published at https://www.ftc.gov/news-events/news/press-releases/2023/11/ftc-doj-meet-g7-enforcement-partners-discuss-competition-digital-markets

Related Posts

VIP Minds CEO and Visionary Nora Abou Chakra Launches ‘Power Hearts,’ a Transformative Initiative Driving Social Change

CEOs revolutionizing philanthropy through inspiring charitable actions

Today marks the launch of "Power Hearts," an innovative initiative led by businesswoman and visionary Nora Abou Chakra. With each endeavor, Power Hearts embarks on a different mission, empowering CEOs to take direct action and make a tangible impact. Through immersive experiences and hands-on involvement, Power Hearts addresses pressing societal issues, fostering empathy and inspiring CEOs to become advocates for change within their organizations and communities.

Nora Abou Chakra, a respected entrepreneur known for her philanthropic endeavors, has once again demonstrated her commitment to driving social change with the launch of Power Hearts. Under this empowering initiative, CEOs from diverse industries come together to tackle pressing issues and create transformative solutions.

An example of these missions is hunger. Power Hearts combats hunger and alleviate the suffering of those affected by it. CEOs gather in a large-scale communal kitchen, where they actively participate in purchasing groceries and cooking meals for those in need.

The immersive experience provided by Power Hearts goes beyond the kitchen. CEOs physically hit the streets, personally distributing the freshly prepared meals to individuals experiencing hunger. This direct interaction with those in need further deepens their understanding of the issue, sparking a profound connection and a sense of shared humanity.

CEOs return to their organizations with a renewed perspective and a profound commitment to addressing the issue of hunger. They become ambassadors for change, leveraging their influence and resources to advocate for hunger relief initiatives within their respective communities and among their staff members.

Nora Abou Chakra, the driving force behind Power Hearts, expressed her enthusiasm for the initiative, stating, "Power Hearts aims to create a ripple effect of compassion and advocacy. By immersing CEOs in the realities of pressing social issues, we ignite a powerful drive for change that reverberates throughout their personal and professional spheres. Together, we can make a significant difference and create a more compassionate and equitable world."

Power Hearts represents Nora Abou Chakra's unwavering commitment to leveraging the influence and resources of business leaders for the greater good. By providing CEOs with transformative experiences, Power Hearts empowers them to become catalysts for change and advocates for social causes that resonate with their hearts.

For more information about Power Hearts and its upcoming initiatives, please visit powerhearts.com or follow us on @power.hearts

Contact Information:
Stephanie Khalil
Executive Assistant to CEO

Original Source: VIP Minds CEO and Visionary Nora Abou Chakra Launches 'Power Hearts,' a Transformative Initiative Driving Social Change

NAACP Excellence in Teaching Award Winner Andee Nunn Releases Memoir, ‘Magic in Room 216’, on Cyber Monday

Profound Education and Inspirational Life Journey Enshrines Era of Inclusion DANBURY, Conn., November 27, 2023 (New...
green agriculture project
- Part of VUGA Media group -best seo company