Andreas Mundt, chairman of the German Federal Cartel Office, recently warned in an interview that AI technology could further consolidate the market dominance of large tech companies. He particularly emphasized that the development of artificial intelligence relies on a large amount of data and powerful computing power, and these resources are exactly the advantages that large Internet companies have. Mundt believes regulators must be highly vigilant about this to prevent any possible anti-competitive behavior.
Mundt further pointed out that while large tech companies have an advantage in the field of artificial intelligence, regulators cannot ignore the potential of small AI companies. These companies have the potential to rise to become new market platforms through innovation and technological breakthroughs. Therefore, maintaining an open and competitive environment is crucial to the healthy development of the field of artificial intelligence.
Speaking about the impact of artificial intelligence on market competition, Mundt said regulators need to pay close attention to market dynamics to ensure fairness in the competitive environment. He specifically mentioned that the rapid development of artificial intelligence technology may bring about new market structures, and regulators must adjust policies in a timely manner to respond to these changes.
Mundt also emphasized that the application of artificial intelligence technology is not limited to technology companies, it may also affect other industries, such as finance, medical care and manufacturing. Therefore, regulators need to work closely with industries to ensure that the application of artificial intelligence technology does not lead to market monopoly or anti-competitive behavior.
Finally, Mundt called on global regulators to strengthen cooperation to jointly address the challenges brought by artificial intelligence. He believes that only through international cooperation can the development of artificial intelligence technology be effectively supervised to ensure that it will not harm market competition and consumer interests while promoting economic growth.