The Competition and Markets Authority (CMA) has expressed concerns about the anti-competitive nature of the artificial intelligence industry. Having investigated the market in AI foundation models, the CMA found that six major technology companies, Google, Microsoft, Meta, Amazon, Apple, and Nvidia, are at the centre of the AI sector through an "interconnected web" of over 90 investments and partnerships. Speaking in Washington, Sarah Cardell, the chief executive of the CMA, said that the immense concentration of power held by these companies could give them "the ability and incentives to shape these markets in their own interests", potentially limiting diversity and choice in the market. Cardell added that AI foundation models, such as OpenAI's ChatGPT and Google's Gemini, are increasingly being used in consumer and business products, representing a potential "paradigm shift" for society.
The CMA has committed to using all legal powers at its disposal to ensure that the technology delivers on its promise while safeguarding against potential exploitation of market power and unintended consequences.
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