Like all technological advances, artificial intelligence can be used for good or ill.
Depending on who you talk to, AI – artificial intelligence – is the answer to the rich world’s productivity slowdown and will make us all much more prosperous. Or it will lead to a few foreign mega tech companies controlling far more of our lives than they already do.
He says the rise of AI engines has been remarkable and offers the potential for “immense economic and social benefits”. We should beware of established businesses asserting their right to train AI models on their own data , while denying access to that data to competitors or new businesses seeking to enter the industry.
Second, private data. The best AI models are those trained on the highest quality and greatest volume of data. The latest AI models from Google and Meta are trained on about one trillion words. This means network effects may fuel pricing power, entrenching the strongest platforms. If AI engines turn out to be “natural monopolies”, regulators will have a lot to worry about.
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