UK has real concerns about AI risks, says competition regulator

Concentration of power among just six big tech companies could lead to winner takes all dynamics'

Just six major technology companies are at the heart of the AI sector through an interconnected web" of more than 90 investments and partnerships links, the UK's competition regulator has warned, sparking increased concern about the anti-competitive nature of the technology.

Sarah Cardell, the chief executive of the Competition and Markets Authority, said AI foundation models - general-purpose AI systems such as OpenAI's GPT-4 and Google's Gemini, on which consumer and business products are frequently built - were a potential paradigm shift" for society.