Tech Giants' AI Arms Race Raises Alarms Over Data Control and Societal Harms
• The same big tech companies dominating the internet economy (Microsoft, Alphabet, Amazon, Apple, Meta) are leading the AI arms race and present huge risks from centralized control of this technology
• These companies built their dominance by extracting massive amounts of data about human behavior to fuel algorithms optimized for corporate interests rather than societal good
• This business model has already caused huge harms to democracy, public discourse, and youth mental health
• We should not allow these same companies to control the data and infrastructure for even more influential AI systems
• Blockchain approaches for decentralized data tracking and management could enable AI development with consent-based data use and verification methods to build public trust