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Big Tech’s dive into AI is to guard market heft and boost platforms business, Aleph Alpha CEO says

By Frank Hersey ( October 3, 2024, 13:03 GMT | Insight) -- Big Tech’s move to developing AI models is a strategic disruption of the market to "strengthen their existing monopoly traits," the founder of European AI company Aleph Alpha said today. Nobody yet has a functional business model for building large language models, Jonas Andrulis said, but tech giants have different priorities. Meanwhile, Big Tech's enthusiasm for generative AI model building takes up so much global talent that others can't get the staff, a Lloyds Banking Group executive said.Big Tech’s move to developing AI models is a strategic disruption of the market to "strengthen their existing monopoly traits," the founder of major European AI company Aleph Alpha said today....

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