Arbeitspapier

Competition and artificial intelligence: An Australian policy perspective

Artificial intelligence has the potential to be a valuable competitive force in product and service markets. Yet AI may also pose competitive problems. I identify five big challenges that AI poses for competition. (1) Costly chips. (2) Private data. (3) Network effects. (4) Immobile talent. (5) An 'open-first, closed-later' model. These are not just issues for our competition regulators, but also for competition reformers. Just as antitrust laws needed to be updated to deal with the misbehaviour of the oil titans and rail barons of nineteenth century America, so too we may need to make changes in competition laws to address the challenges that AI poses.

Language
Englisch

Bibliographic citation
Series: IZA Policy Paper ; No. 209

Classification
Wirtschaft
Antitrust Issues and Policies: General
Microelectronics; Computers; Communications Equipment
Subject
competition
antitrust
artificial intelligence

Event
Geistige Schöpfung
(who)
Leigh, Andrew
Event
Veröffentlichung
(who)
Institute of Labor Economics (IZA)
(where)
Bonn
(when)
2024

Handle
Last update
10.03.2025, 11:44 AM CET

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Object type

  • Arbeitspapier

Associated

  • Leigh, Andrew
  • Institute of Labor Economics (IZA)

Time of origin

  • 2024

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