MIT AI Risk Repository · Risk Sub-Category · 47.04.02

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

Category: Environmental, economical, and societal challenges

Description

"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 ent

From Regulating under Uncertainty: Governance Options for Generative AI (G'sell2024), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
Human
Timing
Other

Subdomain definition: 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.

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