The head of Germany’s cartel agency has cautioned that the market dominance of Big Tech may increase as a result of artificial intelligence, and that authorities should be alert for any anti-competitive behavior.
The remarks made by Andreas Mundt highlight regulatory worries that internet firms with their enormous databases of user data would gain a competitive edge in the new technologies employed in smart homes, web search, online advertising, autos, and many other goods and services.
Microsoft and Alphabet’s Google are now competitors in the field of artificial intelligence (AI), with the latter extensively investing in OpenAI and the former developing the Bard AI chatbot, among other projects.
With the European Union racing to implement its historic AI laws before the end of the year, the rise in popularity of AI has pushed governments all over the world to attempt to place regulations on the usage of the technology.
In an interview with Reuters on Friday, Mundt said, “For us as a competition authority, it is crucial that this new technology does not further strengthen the dominance of the large corporations.”
Because AI requires two things above all else, strong servers and large amounts of data, the hazard is extremely high. Both exist in large online firms, he claimed.
