Is the dominance of big tech being fueled by artificial intelligence?
The emergence of ChatGPT in November 2022, developed by OpenAI, captured the attention of the business world. However, the landscape is shifting once again with Nvidia, known for its accelerator chips powering AI, now competing with Microsoft to claim the title of the world’s most valuable company. Both companies are heavily investing in a range of startups to solidify their positions, attracting scrutiny from antitrust agencies due to the prevailing ”techlash” sentiment.
While regulatory authorities have faced criticism for their handling of big tech in the past, the behavior of tech giants themselves has not been without fault. What is remarkable is the pace at which antitrust investigations are now progressing. Unlike historical cases that dragged on for decades, current probes are moving swiftly. The FTC, for instance, is still engaged in a legal battle with Meta over Facebook’s acquisitions of Instagram and WhatsApp, transactions that took place over a decade ago.
2024-06-23 10:01:13
Source: www.economist.com