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British watchdog has 'real concerns' about the staggering love-in between cloud giants and AI upstarts (www.theregister.com)

submitted 7 months ago by Emperor to c/unitedkingdom

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The UK's competition watchdog sniffed around the AI industry with a bit more interest than usual on Thursday at an antitrust event in the US.

Speaking at the 72nd Antitrust Law Spring Meeting in Washington, DC, Sarah Cardell, CEO of the UK Competition and Markets Authority, discussed "growing concerns" that the web of connected partnerships between AI technology companies may hinder competition.

"I think it’s fair to say that when we started this work, we were curious," said Cardell. "Now, with a deeper understanding and watching developments very closely, we have real concerns."

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[–] GrymEdm@lemmy.world 2 points 7 months ago* (last edited 7 months ago)

AI is about to become a necessity for basically every industry. It's to be expected that those on top are making sure they stay on top. I can't even really fault them for it (although I do fault how greedily they go about it), but I also want government intervention to protect citizens from it. "It" being unethical/harmful business practices.