argument: Notizie/News - Economic Law or Law of Economics
Source: Danubius University Journal
Danubius University Journal explores the legal implications of artificial intelligence in economic activities, focusing on how AI is transforming competition law, compliance, and liability frameworks in Romania. The paper discusses the challenges of regulating AI’s impact on market competition, emphasizing the risks of algorithmic collusion and monopolistic practices. Legal experts argue that current economic laws are insufficient to address the complexities introduced by AI, highlighting the need for new regulations that ensure transparency, accountability, and fair competition.
The article also examines the potential benefits of AI in optimizing regulatory compliance and enhancing efficiency in economic activities. However, the lack of clear legal standards for AI usage poses risks related to data privacy, liability for automated decisions, and potential biases in AI systems. As Romania continues to integrate AI into its economic framework, the development of comprehensive AI regulations will be critical to managing these risks.