Is Big Tech Monopolizing AI? The Future of Innovation at Risk!

Dr Mark van Rijmenam, CSP -

Can we trust Big Tech with the future of AI, or are they building a monopoly that could stifle innovation and competition?

Big Tech companies like Microsoft, Google, and Amazon are extending their dominance into AI, raising concerns about market competition. Their strategy of investing in and partnering with emerging AI firms can pre-empt the natural evolution of these markets, integrating them into their dominant platforms.

This not only prevents the rise of new competitors but also fortifies their market control. For example, Microsoft's multibillion-dollar investment in OpenAI and its exclusive use of Microsoft cloud services exemplify this trend.

With the potential for AI to reshape industries, it's crucial that competition authorities monitor and regulate these investments to prevent monopolistic practices. As regulators in the US, EU, and UK investigate these partnerships, the big question remains: can we ensure that AI's future is competitive and fair?

Read the full article on Wall Street Journal.

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