Global Regulators Want To Hamstring AI Innovation

RealClear Markets cited CEI on technological innovation

Like many efforts at economic planning, subverting market forces — the forces that drive creative destruction — driving AI innovation will likely do precisely opposite of what planners intend. AI presents yet-unseen challenges to legacy tech firms, the nemesis of technocratic antitrust officials. For example, Google Search finds itself sprinting to remain ahead of surging new AI products such as Perplexity. Hampering innovation can only fortify Big Tech’s incumbency, delaying the shrinkage and replacement of Big Tech firms whose bigness (we are told) poses a mortal threat to technological innovation and digital markets. As the Competitive Enterprise Institute’s Iain Murray recently noted, “by the time the [antitrust enforcement] gets around to providing its solution, the market has already solved it itself” by rendering legacy firms obsolete. 

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