Big Tech Rivalry Could Be the Key to Competition in AI

Summary:

AI has the potential to both boost Europe’s flagging productivity across many sectors of the economy, and to give European firms an opportunity to secure an important role in the next wave of innovation.

Competition authorities have reasons to be wary about the direction of the AI sector. However, they must remain focused on maximising competition – which will in turn make AI more widely available – instead of minimising the role of big tech firms. Large tech firms’ uncertainty about which business models will succeed seems to be a key driver of players’ attempts to win customers and innovate freely. Competition authorities need to focus on preserving that uncertainty, rather than trying to exclude ‘big tech’: an objective that risks being counterproductive and unrealistic, at least absent a more interventionist government policy to actively shape a different market structure

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ESO Records

EPRS Briefings: March 2024: Artificial intelligence [What Think Tanks are thinking] https://www.europeansources.info/record/artificial-intelligence-what-think-tanks-are-thinking-3/

CER Policy Brief: Sept. 2023: How Europe Can Make the Most of AI https://www.europeansources.info/record/how-europe-can-make-the-most-of-ai/

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