What more should antitrust be doing?
The first of a series on areas where economists are rethinking the basics
DONALD TURNER, America’s top trustbuster in the mid-1960s, saw antitrust law as benefiting from an “inhospitable” tradition: on many matters its default response was to say no. Government lawyers routinely blocked mergers merely on the grounds that the resulting company would be too big. The companies’ counterargument that being bigger would make them better was rarely entertained by the courts.
This article appeared in the Schools brief section of the print edition under the headline “From hospitality to hipsterism”
Schools brief August 8th 2020
From the August 8th 2020 edition
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AI needs regulation, but what kind, and how much?
Different countries are taking different approaches to regulating artificial intelligence
LLMs will transform medicine, media and more
But not without a helping (human) hand
How AI models are getting smarter
Deep neural networks are learning diffusion and other tricks
The race is on to control the global supply chain for AI chips
The focus is no longer just on faster chips, but on more chips clustered together
AI firms will soon exhaust most of the internet’s data
Can they create more?
A short history of AI
In the first of six weekly briefs, we ask how AI overcame decades of underdelivering