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Major tech companies have also been the dominant players in developing new generative AI systems because training generative AI models requires massive swaths of data, computing power, and technical and financial resources. Their market dominance has a ripple effect on the labor market, affecting both workers within these companies and those implementing their generative AI products externally. With so much concentrated market power, expertise, and investment resources, these handful of major tech companies employ most of the research and development jobs in the generative AI field. The power to create jobs also means these tech companies can slash jobs in the face of economic uncertainty. And externally, the generative AI tools these companies develop have the potential to affect white-collar office work intended to increase worker productivity and automate tasks
Suggested mitigations
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Source
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Included resource
Generating Harms: Generative AI's Impact & Paths Forward
Original source
MIT AI Risk Repository
Open the public repository used for AI risk records and taxonomy fields.
