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UK's antitrust enforcer sounds the alarm over Big Tech's grip on GenAI (techcrunch.com)

submitted 6 months ago by BrikoX@lemmy.zip to c/technology@lemmy.zip

4 comments fedilink hide all child comments

The UK's competition watchdog, the CMA, has sounded a warning over Big Tech's grip on the advanced AI market, with CEO Sarah Cardell expressing "real concerns" over how the sector is developing.

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[–] pdxfed@lemmy.world 3 points 6 months ago (1 children)

Lol, do they have any thoughts on their finance industry? Almost like a cutthroat, zero-sum, profit ahead of everything isn't a healthy basis? Pretending it's new is disingenuous, but maybe they feel they at least have a chance to affect this having given up on other more developed industries?

[–] elshandra@lemmy.world 1 points 6 months ago (1 children)

The finance industry be shaking in their boots. They know when the machines take over labour, they screwed.

[–] pdxfed@lemmy.world 1 points 6 months ago (1 children)

Sure, Goldman Sachs just announced they're reducing new grad hires by 75%

[–] elshandra@lemmy.world 1 points 6 months ago

Sounds great right?

What Goldman does, others do.

What happens when everyone reduces their new grad hires by 25%?