The AI Now Institute, a consortium of AI researchers and policy experts, recently published a report that concluded the AI industry is “foundationally reliant on resources that are owned and controlled by only a handful of big tech firms.” Its power is extremely concentrated in Silicon Valley, among giants such as Google and Meta, and that is where the economic benefits are all but certain to accrue.
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Fortunately, as the AI Now report points out, “there is nothing about artificial intelligence that is inevitable.”
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