Big Tech, including Microsoft and Apple, under increased scrutiny for investments in AI research

From Indian Express Group: 2024-07-24 03:44:19

Two major tech giants, Microsoft and Apple, have opted out of the OpenAI board amid increasing scrutiny on Big Tech’s investments in AI research. Microsoft, having invested $10 billion in OpenAI, had a non-voting observer role since November 2023, but now believes this role is no longer necessary. Apple, despite not being an investor, has integrated ChatGPT and was set to get an observer role in a partnership with OpenAI, which is now in question.

The concern over rising regulatory scrutiny over Big Tech stems from the Federal Trade Commission opening an inquiry in January to scrutinize corporate partnerships and investments with AI providers. Companies like Alphabet, Amazon, Microsoft, and OpenAI were sent compulsory orders to disclose details of their interactions and influence over partner companies, amid concerns about distorting innovation and fair competition.

In Europe, the Competition and Markets Authority in Britain and the EU’s competition commissioner are also looking at collaborations between tech giants and AI companies to ensure fair competition. Big Tech companies benefit from AI research startups for commercializing AI services, while startups benefit from the resources provided by Big Tech companies. However, concerns arise regarding monopoly control, limited innovation, and the push for quick commercialization in the AI industry.

The involvement of Big Tech in AI research and partnerships raise questions about monopoly control, limited innovation, and competition in the industry. These concerns come amidst rising regulatory scrutiny by authorities in the US, Europe, and other regions to ensure fair competition and innovation in the rapidly evolving AI landscape.



Read more at Indian Express Group: Why Big Tech is facing scrutiny over investments in AI research, products | Explained News