The fair trade authority CCI has provided clarifications on the tender for a study on artificial intelligence and its impact on competition and extended the deadline for submitting bids to June 18. Previously, the deadline for submitting offers was June 3.
In a set of clarifications, the Competition Commission of India (CCI) said that bids cannot be submitted under a consortium or joint venture.
Among other eligibility requirements for bidders, a minimum annual turnover of Rs 50 crore has been maintained.
“The request for proposals (RFP) does not provide for the submission of offers as part of a consortium or joint venture. However, the turnover of group companies can be considered only after meeting the eligibility criterion of Rs 50 crore,” the regulator said in its statement. Statement of May 24.
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The deadline for submission of bids is June 18, and financial bids will open on July 11. The study will cover various aspects, including how AI-based personalized recommendations, services and pricing influence consumer choices.
It will also examine whether and how AI may facilitate and/or implement anti-competitive strategies, as well as novel AI-enabled strategies that may lead to anti-competitive effects.
The study will examine novel forms of collusion arising from the operate of AI, such as machine learning algorithms, and whether bias in AI algorithms may impact competition.
Other elements that will be discussed include: “how AI-based personalized recommendations, services and pricing impact consumer welfare and choice”, “what are the synergies and risks that could arise from mergers and acquisitions involving companies equipped with artificial intelligence” and “what are the specific factors/parameters that should be taken into account when assessing the competitive effects of such mergers and acquisitions.”
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