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Exacerbating Market Power and Concentration

Generating Harms - Generative AI's impact and paths forwards

Electronic Privacy Information Centre (2023)

Category
Risk Domain

AI-driven concentration of power and resources within certain entities or groups, especially those with access to or ownership of powerful AI systems, leading to inequitable distribution of benefits and increased societal inequality.

"Major tech companies have also been the dominant players in developing new generative AI systems because training generative AI models requires massive swaths of data, computing power, and technical and financial resources."(p. 57)

Other risks from Electronic Privacy Information Centre (2023) (21)