DOJ antitrust head warns dealmakers not to mislead on AI

DOJ antitrust head warns dealmakers not to mislead on AI

By Jody Godoy

Reuters

May 7 (Reuters) - The U.S. Department of Justice's antitrust ‌head on Thursday warned ‌companies against trying to misleadingly useartificial intelligence​disruption as a defense in merger reviews without providing evidence.

Acting Assistant Attorney General Omeed Assefi oversees the ‌DOJ's work ⁠reviewing mergers and said that merging parties are welcome ⁠to engage with his division at any point in the process.

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However, "we ​know when ​you are ​trying to mislead ‌us," he said at an event at New York University.

"We know you will be tempted to tell us that AI is replacing your ‌industries. We get ​it. We hear that ​a lot. ​For us to take ‌it seriously, we expect ​it to ​be backed up with actual evidence," he said, according to ​a copy ‌of prepared remarks.

(Reporting by Jody ​Godoy in New York; Editing ​by Bill Berkrot)

 

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