Integrating large language models (LLM) into digital platforms could greatly increase user data collection, raising more barriers to entry for competitors and potentially limiting innovation.
LLMs could also make it easier for big tech to continue 'to engage in anti-competitive practices' like 'anti-competitive self-preferencing, tying [requiring the purchase of additional products] and data access restrictions'.
Global tech dominance in generative AI could harm local businesses and the Australian economy, spurring ACCC inquiry amidst global competition regulators' joint statement on AI competition.
'Generative AI products and services may present new opportunities, but also new challenges with major implications for our work,' ACCC chair Gina Cass-Gottlieb highlighted the rapid expansion and development of AI technology.
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