New Delhi, Nov. 13 -- Concentration of capital, influence and funding among a handful of companies could create systemic risks for the artificial intelligence industry, with circular financing making it difficult to distinguish genuine market demand from investments supporting the same ecosystem, Debjani Ghosh, Distinguished Fellow at NITI Aayog, warned.

In a post on X, Ghosh said the growing concentration of money and power among a few technology companies, along with interconnected funding arrangements, could weaken competition and create an unhealthy sense of invincibility among industry leaders.

"I have been arguing for some time that AI's biggest risk is not the technology, but the concentration of money, power and egos behind it.....