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Antitrust regulators zero in on AI

The watchful eyes of US antitrust enforcers are squarely on the artificial intelligence industry.

Last week, the US Federal Trade Commission announced it was opening an inquiry into multibillion-dollar investments by tech giants into smaller AI startups. Amazon, Google, and Microsoft made investments in Anthropic and OpenAI, and while they didn’t buy them outright, that has not stopped federal antitrust regulators from flexing some muscle.

Microsoft poured $13 billion into OpenAI, the company that ushered in the start of the AI boom with the release of its chatbot ChatGPT in November 2022, and the FTC is also probing two separate investments into Anthropic, which makes the AI-powered chatbot Claude, by Amazon ($4 billion) and Google ($2 billion).

It’s possible that in a more hands-off regulatory environment, these Silicon Valley stalwarts would have simply bought the pure-play startups outright. But doing so these days would enlarge the targets already on their chests.

The US government’s commitment to busting corporate dealmaking in the internet sector has been spotty over the past two decades. The historical rate at which the government challenges mergers is “far, far lower in the digital sector,” says Diana Moss, vice president and director of competition policy at the Progressive Policy Institute. This is research she oversaw and testified about to Congress in her previous role as the president of the American Antitrust Institute.

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Overcoming inefficiency with education
Overcoming Inefficiency with Education | Global Stage | GZERO Media

Overcoming inefficiency with education

Lack of investment in education is often regarded as a structural problem in low-income nations. Leonardo Garnier, a special adviser for the UN's Transforming Education Summit, knows why.

Countries with an ample supply of cheap labor tend to get investments from businesses whose profits depend on that. Not to increase productivity, not to spur tech innovation, and definitely not to create a highly educated workforce.

The result, Garnier explains during a Global Stage livestream conversation, is forever low wages and stagnant productivity.

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