Competition authorities need to move fast and break up AI
ft.com
ft.com
This article seems detached from what regulators and laws do.
However, as the linked article suggests, if Microsoft now plans to close off Bing's API (potentially sensing vulnerability in Google), it seems that the influence of monopoly power remains strong and prevalent.
And none of them have any kind of AI monopoly, which requires much more single domination of a market (and AI is not a market, but is used in many different markets....).
"For all the amazing advances in AI and other digital tools over the last decade, their record in improving prosperity and spurring widespread economic growth is discouraging. Although a few investors and entrepreneurs have become very rich, most people haven’t benefited. Some have even been automated out of their jobs."[1]
https://www.technologyreview.com/2023/03/25/1070275/chatgpt-...
"Daron Acemoglu, an MIT economist, provides compelling evidence for the role automation, robots, and algorithms that replace tasks done by human workers have played in slowing wage growth and worsening inequality in the US. In fact, he says, 50 to 70% of the growth in US wage inequality between 1980 and 2016 was caused by automation."[2]
[2] https://www.technologyreview.com/2022/04/19/1049378/ai-inequ...