Chapter
The Impact of AI on Competition
24:40 - 29:58 (05:18)
AI might concentrate power in the hands of tech giants like Google and Microsoft due to the infrastructure and compute required, but startups producing AI models like chat GPT could be good for competition by keeping these companies on their toes.
Clips
AI is increasing competition, but it also concentrates more power in the hands of big companies like Google and Microsoft.
24:40 - 27:37 (02:56)
Summary
AI is increasing competition, but it also concentrates more power in the hands of big companies like Google and Microsoft. However, startups are also leading the innovation, pushing big companies like Google to stay competitive.
ChapterThe Impact of AI on Competition
EpisodeBONUS: Hard Fork Live! Big Tech’s Arch Nemesis + Bot, or Not?
PodcastHard Fork
With AI taking on a greater role and businesses being conducted programmatically, there may be a world where individuals unwittingly allow their AI to fix prices or allocate markets.
27:37 - 29:58 (02:21)
Summary
With AI taking on a greater role and businesses being conducted programmatically, there may be a world where individuals unwittingly allow their AI to fix prices or allocate markets. To preserve competition, it is essential to monitor everything from hardware to the interfaces running on top of hardware, APIs or interfaces, datasets and indices.