Concentration of market power (Negative effects of increased market concentration)
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.
"The concentration of AI assets—encompassing data, hardware, and expertise—within a small group of global tech firms raises many concerns.564 Such a situation may stifle healthy competition, impede innovation, and potentially result in elevated costs for accessing AI technologies. Firms with control over essential resources for developing AI models may restrict access to these resources to prevent competition. For instance, if, in the future, training AI models increasingly relies on proprietary data, smaller organizations lacking access to such data might encounter significant barriers to entry and growth."(p. 106)
Part of Environmental, economical, and societal challenges
Other risks from G'sell (2024) (33)
Technical and operational risks
7.3 Lack of capability or robustnessTechnical and operational risks > Technical vulnerabilities (Robustness - unexpected behaviour)
7.3 Lack of capability or robustnessTechnical and operational risks > Technical vulnerabilities (Robustness - vulnerability to jailbreaking
2.2 AI system security vulnerabilities and attacksTechnical and operational risks > Technical vulnerabilities (The risk of misalignment)
7.1 AI pursuing its own goals in conflict with human goals or valuesTechnical and operational risks > Factually incorrect content (inaccuracies and fabricated sources)
3.1 False or misleading informationTechnical and operational risks > Opacity (the black box problem)
7.4 Lack of transparency or interpretability