Artificial Intelligence is fueling the existing trend towards global oligopolies. Apple, Meta, Alphabet & Co. wield a market power that is difficult to control.
"This month, the EU adopted the world's first framework on AI, and to me it seems that Brussels has found a quite reasonable balance," writes LBBW Chief Economist Moritz Kraemer. "But this does not mean that the challenges for the regulatory authorities are over."
Where the obstacles lie for competition authorities, you can read in the current edition of LBBW To the point.
