FTC Chair Lina Khan has promised to protect competition in the budding market for artificial intelligence tools.
Khan, while speaking at the 2023 Annual Antitrust Enforcers Summit on Monday, said it is often during times of technological transition that large incumbent firms start to panic and resort to anticompetitive tactics to protect their dominance.
Khan said U.S. regulators and enforcers need to be vigilant to ensure this doesn’t become another opportunity for big companies to become bigger and suppress rivals.
- DOJ antitrust chief Jonathan Kanter expressed the same sentiments as Khan, noting it is important to ensure competition in the AI market.
- The Annual Antitrust Enforcers Summit is a daylong forum co-hosted by the FTC and the DOJ.
- Both agencies share authority to enforce U.S. antitrust laws.
- San Francisco-based research firm OpenAI kicked off the recent interest in AI tools after it released its image-generation tool called Dall-E 2 and, more recently, its chatbot ChatGPT.
- In January, Microsoft made a multiyear, multibillion-dollar investment in OpenAI and has added the firm’s AI tools to its relaunched Bing search engine.
