Get the latest tech news
Regulator fears big tech firms' power in AI market
CMA points to "interconnected web" involving Google, Apple, Microsoft, Meta and Amazon.
The CMA found an "interconnected web" of AI partnerships involving the same firms: Google, Apple, Microsoft, Meta, Amazon, and chip-maker Nvidia. This could profoundly impact fair competition "ultimately harming businesses and consumers, for example through reduced choice, lower quality, and higher prices, as well as stunting the flow of potentially unprecedented innovation and wider economic benefits from AI", the CMA argued. The CMA said it wanted to learn from previous experience in digital markets where "winner takes all dynamics" led to the rise of a small number of powerful platforms.
Or read this on BBC News
