AI Risk:UK Authorities Investigate AI Firms

UK Authorities To Launch Investigatigation Against AI Firms

May 05, 2023 By - Jai Pratap

The UK authorities are set to investigate the AI market over the fear of domination of one firm.

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The investigation is to see if any single firm is looking to establish a monopoly on the industry.

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The AI industry is facing scrutiny over its exponential growth that is putting human jobs at risk.

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Competition and Markets Authority chief warned that technology like ChatGPT could transform the way businesses compete and how the economy works.

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Earlier, Geoffrey Hinton, considered to be the Godfather of AI, quit his job at Google to warn about the dangers of AI.

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All the major tech companies are embracing AI, including Google, Microsoft and Apple.

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US President Joe Biden also met CEOs of OpenAI, Google and Microsoft to talk about the dangers of AI.

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