(Credit: kmlmtz66/Adobe Stock) Antitrust Regulators Poised to Pounce as AI Firms Jostle for Dominance
"Agencies are very worried about big companies buying smaller, nascent competitors who have a good idea but not a lot of market share yet," said Anant Raut, Meta's former director of global competition policy.
November 21, 2023 at 07:11 AM
7 minute read
What You Need to Know
- The Federal Trade Commission is concerned that AI's rise will further the dominance of existing tech giants.
- G7 authorities are expressing similar anxieties.
- While tech giants say they champion innovation, they have an incentive to maintain the established order.
Does AI have a competition problem? That's what regulators are trying to figure out, and with growing urgency, as the technology advances at a stunning pace and fears mount about already-dominant digital giants entrenching their market power.
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