Germany’s antitrust chief says artificial intelligence could strengthen big tech companies’ monopoly

IT Home News on October 10, according to Reuters, Andreas Mundt, head of the Cartel Office of the German antitrust regulator, warned that AI may enhance the market power of large technology companies, and regulators should be wary of any Anti-competitive conduct.

Mundt highlighted regulators' concerns that tech giants with vast troves of user data could gain a competitive advantage in new technologies used in smart homes, web searches, online advertising, cars and many other products and services.

In an interview with Reuters, Mundt said: "It is crucial for competition authorities that this new technology does not further strengthen the dominance of large companies." He said, "The danger is very high because Artificial intelligence first needs two things: powerful servers and a lot of data. Large Internet companies have both."

IT House has noticed that Google and Microsoft are competitors in the field of artificial intelligence. The former has developed the Bard AI chat robot, etc., and the latter has invested heavily in OpenAI.

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