German competition chief Andreas Mundt has raised concerns about the growing influence of AI on Big Tech's market power and called on regulators to be vigilant against potentially anti-competitive behavior in the fast-growing AI field. 🤖🌐

Companies like Google and Microsoft have a significant advantage in AI due to access to massive user data and powerful server infrastructure. With the growing importance of AI in industries including smart homes, web search, online advertising and automotive technology, regulatory concerns are increasing around the world. 🌍

Mundt calls on competition authorities to prevent AI from further strengthening the dominance of large corporations. He also believes that regulation of AI through the EU AI Act may be premature due to the early stage of AI development.