Tech executives express concerns about the concentration of AI development in the hands of a few powerful companies, potentially leading to excessive control over the technology. OpenAI's ChatGPT triggered an AI arms race among major players like Microsoft and Google. Critics, including Meredith Whittaker and Frank McCourt, argue that a handful of corporations wielding significant resources could make socially consequential decisions, emphasizing the need for a more responsible approach. They contend that current AI models are derivatives of centralized corporate power and control, raising concerns about data ownership, surveillance, and potential misuse. While some believe the current state favors tech giants, others, like Wikipedia's Jimmy Wales, see potential disruption through open-source models, allowing startups to compete without massive resources. The debate underscores worries about user data control, corporate power, and the societal impact of AI development.