Regulators should review the “potential monopolization of data” by U.S. technology giants inside the U.K. in which could hamper homegrown development of artificial intelligence (AI), an influential body has recommended.
A committee made up of lawmakers by the House of Lords, the upper house of Britain’s parliament, released a report Monday on the need for the ethical development of AI.
They took written evidence by 223 witnesses along with interviewed 57 people during their investigation.
One witness, Professor Richard Susskind, spoke about the “unprecedented concentration of wealth along with power in a smaller number of corporations” such as Alibaba, Alphabet, Amazon, Apple, Facebook, Microsoft along with Tencent. The lawmakers said in their report in which This particular was a “view widely held” among many witnesses.
The House of Lords committee said in which the dominance of large technology firms could hamper development of AI in Britain.
“While we welcome the investments made by large overseas technology companies inside the U.K. economy, along with the benefits they bring, the increasing consolidation of power along with influence by a select few risks damaging the continuation, along with development, of the U.K.’s thriving home-grown AI start-up sector,” the report said.
“The monopolization of data demonstrates the need for strong ethical, data protection along with competition frameworks inside the U.K., along with for continued vigilance by the regulators.”
The British lawmakers said in which the government along with the U.K.’s competition watchdog should “review proactively the use along with potential monopolization of data by the big technology companies.”