India Press Dispatch
Buisness

According to a US regulator, generative AI raises concerns about competition

<p>The Federal Trade Commission’s Bureau of Technology and Office of Technology have focused on generative AI, which is best known for ChatGPT and raises worries about competition, according to a blog post written by the employees of the two agencies.</p>
<p>“A number of essential inputs are required for generative AI. One or more of these crucial inputs may be controlled by a single corporation or a small group of businesses, which might use that control to stifle or skew competition in the markets for generative AI, the staff said in the blog post.<img decoding=”async” class=”alignnone wp-image-47069″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/06/www.theindiaprint.com-according-to-a-us-regulator-generative-ai-raises-concerns-about-competition-download-2023-06-30t103241.718.jpg” alt=”” width=”1344″ height=”600″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/06/www.theindiaprint.com-according-to-a-us-regulator-generative-ai-raises-concerns-about-competition-download-2023-06-30t103241.718.jpg 336w, https://www.theindiaprint.com/wp-content/uploads/2023/06/www.theindiaprint.com-according-to-a-us-regulator-generative-ai-raises-concerns-about-competition-download-2023-06-30t103241.718-150×67.jpg 150w” sizes=”(max-width: 1344px) 100vw, 1344px” /></p>
<p>Big datasets, a skilled engineering and research staff, and computing capacity with specialized processors like graphics processing units were mentioned as the inputs in the article.</p>
<p>The Office of Technology and the FTC’s Bureau of Competition collaborate closely to ensure free and fair competition, particularly at critical turning points as technologies advance. One of these paradigm changes is represented by generative AI, according to the office personnel.</p>
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