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Regulators in Japan and South Korea are investigating the competitive landscape of generative AI. These inquiries aim to address concerns about potential monopolistic practices and the dominance of a few major players in the rapidly evolving market. The Japan Fair Trade Commission and the Korea Fair Trade Commission are both conducting studies to assess competition at various levels of AI technology.
Japan anticipates significant growth in its generative AI sector, projecting a 47.2% annual growth rate from 2023 to 2030. The JFTC is particularly focused on the influence of companies like NVIDIA in the GPU market and the challenges faced by local firms in retaining AI talent. South Korea's investigation will also explore market share concentration and barriers to entry for new competitors.
• Japan and South Korea investigate generative AI market competition.
• NVIDIA's dominance in GPUs raises competition concerns in Japan.
The article discusses how generative AI is rapidly expanding and prompting regulatory scrutiny in Japan and South Korea.
The article highlights concerns about a few companies controlling most of the AI market share in South Korea.
The article mentions the competition between international LLMs and local models tailored for specific languages and industries.
The article discusses NVIDIA's significant influence in the GPU market and its implications for competition in Japan's AI sector.
Hindustan Times 14month
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