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The US Federal Trade Commission and the Department of Justice’s antitrust division say they’ll scrutinize the new field of artificial intelligence-powered tools for signs of anti-competitive behavior. FTC Chair Lina Khan and Justice Department antitrust head Jonathan Kanter made remarks about the issue at the agencies’ joint Enforcers Summit, raising the fear of large companies leveraging AI’s economies of scale to crush competition.
“As you have machine learning that depends on huge amounts of data and also depends on huge amounts of storage, we need to be very vigilant to make sure that this is not just another site for the big companies becoming bigger and really squelching rivals,” Khan said at the summit, according to The Wall…
