Last updated May 5, 2019
Here is an excerpt:
The most fundamental principle of power and artificial intelligence is data dominance: Whoever controls the most valuable data within a space or sector will be able to make a better product or solve a better problem. Whoever solves the problem best will win business and win revenue, and whoever wins customers wins more data.
That cycle continues and you have the tech giants of today (a topic for a later AI Power essay).
No companies are likely to get more general search queries than Google, and so people will not likely use any search engine other than Google – and so Google gets more searches (data) to train with, and gets an even better search product. Eventually: Search monopoly.
No companies are likely to generate more general eCommerce purchases than Amazon, and so people will not likely use any online store other than Amazon – and so Amazon gets more purchases and customers (data) to train with, and gets an even better eCommerce product. Eventually: eCommerce monopoly.
There are 3-4 other well-known examples (Facebook, to some extent Netflix, Uber, etc), but I’ll leave it at two. AI may change to become less reliant on data collection, and data dominance may eventually be eclipsed by some other power dynamic, but today it’s the way the game is won.
I’m not aiming to oversimplify the business models of these complex companies, nor and I disparaging these companies as being “bad”. Companies like Google are no more filled with “bad” people than churches, law firms, or AI ethics committees.
The info is here.