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Live Updates  >  Live Update Details

2026-02-19 23:34:21

[CEO of Leading European AI Company Warns: Domination of AI by a Few Companies Could Lead to Market Abuse] The CEO of a leading French artificial intelligence (AI) company has warned that the global AI field is facing the risk of being controlled by a few companies, and this excessive market concentration could increase the likelihood of these leading companies abusing their control. "We are facing the problem of excessive concentration of power in the AI field," admitted Arthur Mensch, CEO of Mistral AI, at the India AI Impact Summit in New Delhi on Thursday. "We do not want to see a world where the deployment and development of AI is actually monopolized by three or four giant companies."

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