Unscaled 6: Do Not Pass Go: New Monopolies in the Age of AI
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September 20, 2018
The proliferation of AI is spurring calls for regulation. But what should these new rules look like? Who will enforce them? And does AI require a new definition of monopoly? Historically, monopolies were classified as companies with too much market share, and antitrust laws were designed to protect consumers from high prices and limited product choice. But with faster, cheaper options from the likes of Amazon, a new approach to consumer protection is needed.