AI and Competition

Dec 13, 2024 | 1:00 PM - 2:00 PM
Friday 13 December

Description

The economic impact of AI is intrinsically linked to the functioning of the competitive environment. For instance, market leaders with large customer bases and scales of operation might reap higher benefits from AI adoption, leading to increased concentration and market power in their hands. Additionally, the development of large AI models is highly concentrated among a few firms, raising further concerns about the dynamics and competitiveness of the AI market. This session will feature a panel discussion with leading academics and practitioners who will explore recent evidence on the link between competition and AI developments. The discussions will aim at improving the understanding of the impact of AI on market concentration and competition, and the role of AI in fostering or hindering innovation.