coyle29_ Frank Rumpenhorstpicture alliance via Getty Images_chatgpt Frank Rumpenhorst/picture alliance via Getty Images

Preempting a Generative AI Monopoly

The emergence of powerful new tools like ChatGPT represents a major breakthrough in artificial intelligence while highlighting the need for regulatory intervention. To protect the public interest, policymakers must prevent this nascent market from becoming dominated by a handful of giant private companies.

CAMBRIDGE – ChatGPT, the new artificial-intelligence chatbot developed by the San Francisco-based research laboratory OpenAI, has taken the world by storm. Already hailed as a milestone in the evolution of so-called large language models (LLMs), the world’s most famous generative AI raises important questions about who controls this nascent market and whether these powerful technologies serve the public interest.

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