A handful of companies have outsize influence on the world’s artificial intelligence. Policymakers must act now to stem the rise of powerful monopolies.
Despite the executive orders and congressional hearings of the “Biden antitrust revolution,” the most profound anti-competitive shift is happening under policymakers’ noses: the cornering of artificial intelligence and automation by a handful of tech companies. This needs to change.
There is little doubt that the impact of AI will be widely felt. It is shaping product innovations, creating new research, discovery, and development pathways, and reinventing business models. AI is making inroads in the development of autonomous vehicles, which may eventually improve road safety, reduce urban congestion, and help drivers make better use of their time. AI recently predicted the molecular structure of almost every protein in the human body, and it helped develop and roll out a Covid vaccine in record time. The pandemic itself may have accelerated AI’s incursion—in emergency rooms for triage; in airports, where robots spray disinfecting chemicals; in increasingly automated warehouses and meatpacking plants; and in our remote workdays, with the growing presence of chatbots, speech recognition, and email systems that get better at completing our sentences.
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