Big Tech market power will cause UK to lose AI race, think tank warns
AI AND ML
Britain's market watchdog criticized for not creating the conditions for competition to thrive
UK businesses say the market power of Big Tech is stifling competition, and will hinder the UK’s ability to reap the benefits from AI, a key part of the government’s plans for economic recovery.
A report [PDF] from the Institute for Public Policy Research (IPPR) points out that a handful of companies hold almost total control over the digital infrastructure relied on in Blighty, and warns that we risk letting AI become monopolized in the same way unless more pro-competitive measures are introduced.
A survey conducted for the report found 79 percent of UK businesses relying on digital platforms are concerned about Big Tech using their dominance to limit competition. They rank this as a bigger constraint on their growth than access to finance or talent, according to the IPPR.
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