{"id":80404,"date":"2024-06-06T04:37:28","date_gmt":"2024-06-06T08:37:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80404"},"modified":"2024-06-06T04:37:31","modified_gmt":"2024-06-06T08:37:31","slug":"us-antitrust-chief-to-investigate-ai-sector-for-monopoly-risks","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/us-antitrust-chief-to-investigate-ai-sector-for-monopoly-risks\/","title":{"rendered":"US Antitrust Chief to Investigate AI Sector for Monopoly Risks"},"content":{"rendered":"\n

US antitrust chief Jonathan Kanter will investigate AI sector monopoly risks, focusing on control over computing power, data, cloud services<\/a>, talent, and hardware.<\/p>\n\n\n\n

\"US
US Antitrust Chief to Investigate AI Sector for Monopoly Risks<\/figcaption><\/figure>\n\n\n\n

Jonathan Kanter, the antitrust enforcer for the United States, will conduct an inquiry into the artificial intelligence (AI) sector<\/a> in response to apprehensions regarding the concentration of power among a small number of companies.<\/p>\n\n\n\n

Kanter stated in a Financial Times report that he was investigating the competitive landscape of AI and “monopoly choke points.” This encompasses hardware, cloud service providers, engineering talent, compute capacity, and data utilized to train large language models (LLMs).<\/p>\n\n\n\n

Kanter asserts that the AI sector must act promptly to prevent the already dominant technology firms from monopolizing the market. The official expressed apprehension that regulators are concerned that AI is “at the high-water mark of competition, not the floor.”<\/p>\n\n\n\n

The executive also stated that real-time intervention may be the most significant. “But the advantage of that is that you can be less intrusive,” he continued.<\/p>\n\n\n\n

Kanter emphasized that the graphics processing units (GPUs) that are employed to train LLMs have become scarce. The official stated that antitrust regulators also evaluate the allocation of advanced products by chipmakers as demand increases.<\/p>\n\n\n\n

Nvidia, a provider of GPUs, disclosed its Q1 earnings report on May 23, indicating that its revenue increased by 262% from the previous year. The company's stock values reached a new all-time high of $1,007 following the report's release, which elevated its valuation to over $2.5 trillion.<\/p>\n\n\n\n

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Kanter stated that there are currently government initiatives in place to increase production. This encompasses the subsidies that are granted for the production of chips. The Chips and Science Act, which was signed into law in 2022, allocated $39 billion in subsidies for semiconductor manufacturing in the country.<\/p>\n\n\n\n

Janet Adams, the chief operating officer of SingularityNET\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in 2023, expressed apprehension regarding the monopolization of artificial general intelligence (AGI) by Big Tech companies. AGI is a conceptual version of AI that has the potential to think and evolve like that of a human.<\/p>\n\n\n\n

Adams stated in an interview that the “dystopic” future that many individuals envision with AI could occur if the technology is monopolized. The executive is of the opinion that these large corporations will exploit the technology “for the benefit of the few” and will not help the world overcome inequalities.<\/p>\n\n\n\n

The executive is of the opinion that it is crucial to decentralize the development of AI through the use of blockchain technology<\/a> to avert the worst-case scenario.<\/p>\n","protected":false},"excerpt":{"rendered":"

US antitrust chief Jonathan Kanter will investigate AI sector monopoly risks, focusing on control over computing power, data, cloud services, talent, and hardware. Jonathan Kanter, the antitrust enforcer for the United States, will conduct an inquiry into the artificial intelligence (AI) sector in response to apprehensions regarding the concentration of power among a small number […]<\/p>\n","protected":false},"author":36,"featured_media":80409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19864,18884,1559],"class_list":["post-80404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-antitrust","tag-monopoly","tag-us"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/1x-1-5.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80404"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80409"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}