Artificial intelligence, algorithms and Indian antitrust

The world, as we know it, is rapidly digitising through breakthrough advancements in artificial intelligence (AI). Data sciences and AI are indeed the new reality and no longer a work of fiction as perceived in sci-fi movies. The increasing prevalence of data is driving businesses to develop and use AI to remain competitive in the market. Recent developments in machine learning have in fact elevated algorithms to a new level, enabling machines to analyse, act and learn with a human-like level of intelligence. This characteristic of automated systems has drawn interest from global antitrust regulators as it enables businesses to achieve collusive outcomes without requiring an agreement in the traditional antitrust sense.