German antitrust head warns AI may boost Big Tech's dominance
The head of Germany's cartel office, Andreas Mundt, has expressed concerns over the market power of Big Tech companies being further strengthened by artificial intelligence (AI). He warns that tech giants with vast amounts of user data could gain a competitive edge in various sectors including smart homes, web search, and online advertising. Mundt emphasizes the need for regulators to ensure that AI doesn't consolidate the dominance of large corporations, while also monitoring the potential for smaller providers to develop into new platforms.