Sarah Cardell from CMA warns about six major tech companies' interconnected web raising anti-competitive concerns. AI foundation models like GPT-4 and Gemini hold power to shape markets in their own interest.
Cardell expresses concerns over the immense power concentration these companies possess in shaping markets. CMA aims to prevent potential exploitation and unintended consequences while ensuring AI technology benefits society.
CMA identifies Google, Microsoft, Meta, Amazon, Apple, and Nvidia as major players in the AI sector, involved in over 90 partnerships. This concentration of power could limit market diversity and choice.
Cardell highlights risks including harm to AI sector competition by firms controlling critical inputs like data and chips. She aims to prevent dominance by powerful platforms, applying historical lessons to safeguard market dynamics.
#ai-sector #competition-and-markets-authority #anti-competitive-behavior #tech-companies #market-dynamics
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