Collective Bargaining in the Information Economy Can Address AI-Driven Power Concentration

Position paper by Nicholas Vincent, Matthew Prewitt and Hanlin Li: “…argues that there is an urgent need to restructure markets for the information that goes into AI systems. Specifically, producers of information goods (such as journalists, researchers, and creative professionals) need to be able to collectively bargain with AI product builders in order to receive reasonable terms and a sustainable return on the informational value they contribute. We argue that without increased market coordination or collective bargaining on the side of these primary information producers, AI will exacerbate a large-scale “information market failure” that will lead not only to undesirable concentration of capital, but also to a potential “ecological collapse” in the informational commons. On the other hand, collective bargaining in the information economy can create market frictions and aligned incentives necessary for a pro-social, sustainable AI future. We provide concrete actions that can be taken to support a coalitionbased approach to achieve this goal. For example, researchers and developers can establish technical mechanisms such as federated data management tools and explainable data value estimations, to inform and facilitate collective bargaining in the information economy. Additionally, regulatory and policy interventions may be introduced to support trusted data intermediary organizations representing guilds or syndicates of information producers…(More)”.