Don’t Believe the Hype (on Competition and AI)

Mario A. Zúñiga & Dirk Auer August 13, 2024

Truth on the Market View Original Source

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As in the Public Enemy song that gives this post its title, the hype about alleged competition risks in the artificial intelligence (AI) “market” is a sequel—and not a good one—to the hyperbolic and dystopian view that has informed several recent antitrust-policy proposals and demands for tougher enforcement of competition laws, particularly in digital markets. As we will explain, the evidence tells a different story, and there are plenty of reasons to be rather cautious before taking any action in the AI sector.

Read the full piece here.