Concerns Raised Over Big Tech's Strategy in Dominating AI Market

Friday, 12 July 2024, 13:02

The biggest technology companies are acquiring talent and products from innovative AI startups without formal acquisitions, sparking concerns over industry consolidation. San Francisco-based Adept recently struck a deal with Amazon, transferring its CEO and key employees and granting a license to its AI systems. U.S. Sen. Ron Wyden warns of the dangers of increasing consolidation in the AI sector.
Yahoo Finance
Concerns Raised Over Big Tech's Strategy in Dominating AI Market

Big Tech's Race in AI Domination

The race to lead in artificial intelligence compels tech giants to absorb talent and products from smaller AI startups.

Adept's Recent Deal with Amazon

In a recent deal, Amazon acquired talent and a license to AI systems from San Francisco-based Adept.

Concerns Over Industry Consolidation

U.S. Sen. Ron Wyden voices worries about the growing consolidation in the AI market, highlighting the dangers of this trend.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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