Preventing AI monopolies is crucial for fostering innovation

February 26, 2024
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Preventing AI monopolies is crucial for fostering innovation

OpenAI’s CEO is seeking a massive funding target of up to $7tn to reshape the semiconductor industry for AI. This highlights the concentration of generative AI in the market, which poses a threat to its importance in various fields.

The resources and talent required for advanced AI development are currently controlled by a small number of companies, creating a risk of dependency or missed opportunities for researchers and small businesses.

Efforts are being made in the US and EU to level the playing field by investing in public digital infrastructure and providing access to compute resources. However, legislative and regulatory interventions are also necessary to prevent AI monopolies, address bias and discrimination, and ensure transparency.

Investments in public digital infrastructure should increase, and state funds should be diverted from Big Tech. Preventing AI monopolies is crucial for fostering innovation and public understanding of the technology.

Read the full article at: https://on.ft.com/42FiOcH

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