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Risk of ‘monopolization’ of data for A.I. by big US tech firms, UK lawmakers say

“Regulators should review the “potential monopolization of data” by U.S. technology giants in the U.K. that could hamper homegrown development of artificial intelligence (AI), an influential body has recommended” writes Arjun Kharpal for cnbc.com. “The monopolization of data demonstrates the need for strong ethical, data protection and competition frameworks in the U.K., and for continued vigilance from the regulators.”. The British lawmakers said that the government and the U.K.’s competition watchdog should “review proactively the use and potential monopolization of data by the big technology companies.”. The House of Lords committee said that the dominance of large technology firms could hamper development of AI in Britain.The lawmakers said in their report that this was a “view widely held” among a number of witnesses.
 
Source: cnbc.com



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