ChatGPT, Bard & Co.: An Introduction to AI for Competition and Regulatory Lawyers

9 Hausfeld Competition Bulletin (1/2023), Article 1

9 Pages Posted: 3 Mar 2023 Last revised: 15 Nov 2023

See all articles by Thomas Hoppner

Thomas Hoppner

Technical University of Applied Sciences Wildau; Hausfeld RA LLP

Luke Streatfeild

Hausfeld

Date Written: February 23, 2023

Abstract

Having its first commercial breakthrough with ChatGPT, in 2023 artificial intelligence (AI) has rung in the fourth industrial revolution. This article outlines the technicalities and economics underlying generative AI, and what they mean for competition in digital markets and for antitrust and regulatory lawyers working in this field. It concludes that due to the high barriers to entry at the (i) computing, (ii) data creation, and (iii) foundation modelling layers, the rise of AI is likely to make incumbent tech conglomerates even more powerful and less contestable, which will have to be considered in any future economic regulation of AI.

Keywords: antitrust, competition, artificial intelligence, economic regulation, ChatGPT, big tech, Google, Microsoft, Amazon, Meta, chatbots, abuse of dominance

JEL Classification: K21, L12, L41, L86, M37, 031

Suggested Citation

Höppner, Thomas and Streatfeild, Luke, ChatGPT, Bard & Co.: An Introduction to AI for Competition and Regulatory Lawyers (February 23, 2023). 9 Hausfeld Competition Bulletin (1/2023), Article 1, Available at SSRN: https://ssrn.com/abstract=4371681 or http://dx.doi.org/10.2139/ssrn.4371681

Thomas Höppner (Contact Author)

Technical University of Applied Sciences Wildau ( email )

Hochschulring 1
Wildau, 15745
Germany

Hausfeld RA LLP ( email )

Walter-Benjamin Platz 6
Berlin, 10629
Germany

Luke Streatfeild

Hausfeld

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
1,574
Abstract Views
3,428
Rank
21,860
PlumX Metrics