It isn’t only the companies everyone loves to hate that are leading the way with this budding technology
"I was disappointed to see William Barr’s op-ed “Big Tech’s Budding AI Monopoly” (May 28) continue his attack on some of America’s most innovative companies. Mr. Barr’s fear that a few large companies will stifle competition reveals a fundamental misunderstanding of the dynamic, evolving ecosystem of generative artificial intelligence.
The U.S. tech giants everyone loves to hate are certainly major players but hardly the only ones. They aren’t even the only large companies leading the way—look to Nvidia and IBM, among others. Additionally, Meta’s Llama large language model is open source, a space teeming with new innovative firms and startups. The budding AI market isn’t in danger of monopoly.
The idea that Big Tech can easily dominate adjacent markets such as generative AI ignores the many examples of failure that litter the road to innovation, from Google+ and Amazon’s Fire Phone to past would-be giants AOL, Nokia, Palm (maker of the PalmPilot) and a host of others. Success in one area doesn’t guarantee it in another, even for large companies.
The U.S. dominates the global tech market today precisely because policy makers chose at the internet’s advent to take a light touch. The market is a discovery process that feeds on the dispersed knowledge of entrepreneurs, risk-takers and innovators. Suggesting that a beefed-up Federal Trade Commission with European-style regulations will yield better outcomes ignores the past to spite the future.
Wayne T. Brough
R Street Institute
Washington"
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