Posted on

The AI Market Is Being Monopolized

The AI market is being monopolized. Bigger companies are buying smaller AI startups at an alarming rate. With the current trend, we would end up with AI that is controlled by a very small number of corporations. As of October 2016, reports indicated that companies like Apple, Facebook, Intel, Twitter, Samsung, and Google had purchased 140 artificial intelligence businesses over five years.

In the first three months of 2017, big tech companies bought 34 AI startups.[8] Worse, they’re also paying huge bucks to hire the top scholars in the field of artificial intelligence. If this remains unchecked, you can guess where we’re heading.

Leave a Reply

Your email address will not be published. Required fields are marked *