Allowing AI firms to collude to ‘pace the frontier’ is a dangerous proposition

Tech CEOs are suggesting that antitrust laws be relaxed to allow AI firms to collaborate, citing concerns that excessive competition is driving undesirable outcomes. This proposition is considered dangerous because it could lead to the concentration of power in the hands of a few large AI companies. The potential consequences include reduced innovation, higher prices, and decreased consumer choice. If left unchecked, this could have significant implications for the development and deployment of AI technologies.

Why it matters

Allowing AI firms to collude could lead to anti-competitive practices and harm consumers. This could result in increased regulatory scrutiny and potential penalties for tech companies.

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