In a report on ethical AI development released Monday by the House of Lords committee, a witness warned against the “unprecedented concentration of wealth and power in a small number of corporations” such as Alibaba, Alphabet, Amazon, Apple, Facebook, Microsoft and Tencent.

The committee called on regulators to review the “potential monopolization of data” by US technology firms in the UK which, according to them, could hamper homegrown development of artificial intelligence.

It was also recommended in the report that a national and international “AI code” be created to protect the data rights or privacy of individuals, families or communities.

Source: CNBC

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