Aleph Alpha CEO Warns Big Tech May Use Dominance to Control AI

Major technology companies pouring money into artificial intelligence could come to dominate the emerging technology, Aleph Alpha GmbH Chief Executive Officer Jonas Andrulis said.

Andrulis, who founded the German AI startup, said that policymakers should support smaller companies to create a level playing field. He criticized the European Union’s AI Act, one of the first major pieces of legislation to regulate the technology, which Andrulis said risks diverting founders’ energy away from innovation and into compliance.

After raising more than $500 million from a consortium of industrial giants, Aleph Alpha CEO Jonas Andrulis hopes to spend more time with professors “and less with investors”. He spoke to Bloomberg’s Oliver Crook in Berlin.

Source: Bloomberg

“We need a somewhat fair environment,” he said in an interview on Bloomberg TV on Wednesday. “And this is difficult because ...