UK watchdog expresses worries over the dominance of tech giants in the AI market.

The UK’s Competition and Markets Authority (CMA) has voiced worries about the escalating influence of Big Tech in the cutting-edge artificial intelligence (AI) industry. Sarah Cardell, the CEO of the CMA, has outlined the potential dangers connected with the growth of this sector. A latest report by the CMA underscored the growing integration and concentration among innovators in the technology sector, specifically related to generative AI tools. The report also flagged the involvement of substantial tech firms such as Google, Amazon, Microsoft, Meta, and Apple (jointly referred to as GAMMA) in various facets of the AI value chain. The CMA acknowledged the possible benefits of collaborative tech partnerships, but cautioned against dominating partnerships and consolidated firms that could jeopardize competition in open markets. The regulatory body is urging for enhanced scrutiny and transparency in the regulation of these partnerships to safeguard fair competition.