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Concentration of market power (Negative effects of increased market concentration)

Regulating under Uncertainty: Governance Options for Generative AI

G'sell (2024)

Sub-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.

"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)