Factors That Could Tip The AI Market To A Few Dominant Players

📆 31/05/2024 14:41:00
📰 ForbesTech

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Organization For Economic Co-Operation And Develop

I am an author, independent researcher and speaker exploring innovation, information technology trends and markets. I served as co-chair of the 2023 AI Summit in New York, as well as the 2021 and 2022 Summits. I regularly contribute to Harvard Business Review on AI topics.

We have seen the rise of megacloud providers who now dominate the computing market. Will the same happen with artificial intelligence? Could a few well-heeled tech giants corner the AI space?published by the Organization for Economic Co-operation and Development . The rise of AI is already creating fissures in the market economy, with potential — emphasis on— to freeze out companies from essential data and compute power needed to compete in this space.

Yet, there are patterns emerging that suggest potential competitive issues ahead. “While the deployment of generative AI for use continues to unfold, it is clear that it requires significant computing power to run queries on these models, meaning a certain level of access to IT infrastructure is required,” the researchers observed.

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