Competition between AI Foundation Models: Dynamics and Policy Recommendations
MIT Connection Science Working Paper 1-2003
24 Pages Posted: 10 Jul 2023
Date Written: June 28, 2023
Generative AI is set to become a critical technology for our modern economies. If we are currently experiencing a strong, dynamic competition between the underlying foundation models, legal institutions have an important role to play in ensuring that the spring of foundation models does not turn into a winter with an ecosystem frozen by a handful of players.
Keywords: Foundation AI, large language models, LLMs, generative AI, competition, antitrust, increasing returns, network effects, intellectual property, public policy, ChatGPT, Google Bard, open source
JEL Classification: K21, K20, 030, 031, 032, 033, 034, 038,
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