MIT Technology Review December 10, 2024
The FTC is coming after the AI industry for too much hype and not enough competition. Some of those fights will continue under Trump.
The AI sector is plagued by a lack of competition and a lot of deceit—or at least that’s one way to interpret the latest flurry of actions taken in Washington.
Last Thursday, Senators Elizabeth Warren and Eric Schmitt introduced a bill aimed at stirring up more competition for Pentagon contracts awarded in AI and cloud computing. Amazon, Microsoft, Google, and Oracle currently dominate those contracts. “The way that the big get bigger in AI is by sucking up everyone else’s data and using it to train and expand their own systems,” Warren told the Washington...
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