The Fort Worth Press - Concentration of corporate power a 'huge' concern: UN rights chief

USD -
AED 3.672504
AFN 65.999602
ALL 80.065663
AMD 364.508186
ANG 1.789783
AOA 917.000272
ARS 1495.019377
AUD 1.41236
AWG 1.8
AZN 1.702706
BAM 1.689756
BBD 2.014385
BDT 122.018757
BGN 1.696366
BHD 0.377122
BIF 2988.381635
BMD 1
BND 1.277847
BOB 11.57636
BRL 5.215703
BSD 1.000151
BTN 95.647328
BWP 13.500659
BYN 3.042032
BYR 19600
BZD 2.011491
CAD 1.387375
CDF 2269.999923
CHF 0.810701
CLF 0.023463
CLP 923.439874
CNY 6.743304
CNH 6.73971
COP 3104.87
CRC 449.263467
CUC 1
CUP 26.5
CVE 95.26422
CZK 20.84325
DJF 178.102253
DKK 6.44538
DOP 58.749838
DZD 132.922967
EGP 50.669898
ERN 15
ETB 161.789969
EUR 0.86215
FJD 2.20855
FKP 0.738395
GBP 0.737855
GEL 2.604975
GGP 0.738395
GHS 11.051977
GIP 0.738395
GMD 73.99999
GNF 8785.692687
GTQ 7.628839
GYD 209.246268
HKD 7.84251
HNL 26.815845
HRK 6.496397
HTG 130.826022
HUF 314.655976
IDR 17846.65
ILS 2.98575
IMP 0.738395
INR 95.760499
IQD 1310.230424
IRR 1374574.99971
ISK 122.610048
JEP 0.738395
JMD 158.034569
JOD 0.709007
JPY 159.194991
KES 129.589823
KGS 87.450116
KHR 4046.085458
KMF 425.999776
KPW 900.000294
KRW 1395.139966
KWD 0.30866
KYD 0.83347
KZT 461.929241
LAK 22540.358638
LBP 89562.572897
LKR 331.975446
LRD 181.52836
LSL 16.225328
LTL 2.95274
LVL 0.60489
LYD 6.372767
MAD 9.292836
MDL 17.252581
MGA 4307.838521
MKD 53.155873
MMK 2099.245957
MNT 3597.150887
MOP 8.080143
MRU 40.111452
MUR 46.979765
MVR 15.459936
MWK 1734.310807
MXN 17.03914
MYR 4.062497
MZN 63.904982
NAD 16.225258
NGN 1350.829954
NIO 36.798687
NOK 9.399103
NPR 153.035552
NZD 1.701275
OMR 0.384492
PAB 1.000134
PEN 3.368483
PGK 4.494363
PHP 61.848007
PKR 277.569951
PLN 3.731345
PYG 6034.084282
QAR 3.655881
RON 4.521605
RSD 101.208986
RUB 85.22424
RWF 1473.727865
SAR 3.746587
SBD 8.025811
SCR 13.740669
SDG 601.498083
SEK 9.51548
SGD 1.276665
SHP 0.740866
SLE 24.650266
SLL 20969.499227
SOS 571.623589
SRD 37.967024
STD 20697.981008
STN 21.167221
SVC 8.751096
SYP 13001.999906
SZL 16.213578
THB 33.078994
TJS 9.241263
TMT 3.5
TND 2.929025
TOP 2.40776
TRY 47.934599
TTD 6.782238
TWD 31.969025
TZS 2648.976028
UAH 44.802989
UGX 3730.646945
UYU 40.347315
UZS 11821.830168
VES 771.57685
VND 26178
VUV 118.215486
WST 2.715898
XAF 566.748027
XAG 0.015848
XAU 0.00023
XCD 2.70255
XCG 1.802528
XDR 0.707052
XOF 566.738234
XPF 103.038184
YER 237.102795
ZAR 16.229598
ZMK 9001.200507
ZMW 18.677668
ZWL 321.999592
  • CMSC

    -0.1200

    21.24

    -0.56%

  • RIO

    -0.5200

    96.69

    -0.54%

  • GSK

    0.8700

    51.15

    +1.7%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • BCE

    0.0100

    23.36

    +0.04%

  • BTI

    0.6500

    56.38

    +1.15%

  • NGG

    0.8600

    82.15

    +1.05%

  • RBGPF

    0.3500

    69

    +0.51%

  • BCC

    -1.7600

    80.18

    -2.2%

  • BP

    0.5600

    43.41

    +1.29%

  • RYCEF

    -0.2500

    20.81

    -1.2%

  • RELX

    0.9500

    34.51

    +2.75%

  • JRI

    -0.0400

    12.44

    -0.32%

  • AZN

    3.2100

    160.1

    +2%

  • VOD

    -0.0700

    16.13

    -0.43%

Concentration of corporate power a 'huge' concern: UN rights chief
Concentration of corporate power a 'huge' concern: UN rights chief / Photo: © AFP

Concentration of corporate power a 'huge' concern: UN rights chief

A few tech giants accumulating massive power coupled with artificial intelligence is posing huge global rights challenges and needs regulation, the UN human rights chief told AFP in an interview.

Text size:

Amid increasing worries over threats to democracy and with a growing number of countries at risk of sliding towards autocracy, Volker Turk said a key concern was the seeming unbridled power of a small number of technology companies.

In an interview this week at the UN rights office overlooking Lake Geneva, he pointed to how seven or eight big tech companies now boast more wealth than the entire economies of even industrialised nations.

"They have amassed an immense amount of power," he said.

"And power, we all know, if it is not circumscribed by rule of law, by international rights law, can lead to abuse.

"It can lead to an exercise of powers to subjugate others."

The United Nations High Commissioner for Human Rights said he was deeply "worried that corporate power, if it's not constrained by the law and by international rights standards, is going to be a huge issue for us".

"It's an area where I think we as the human rights community will have to focus much more."

- 'Extremely manipulative' -

Turk did not mention any company by name.

But he spoke just days after Tesla shareholders endorsed a pay package that could reach $1 trillion for its chief executive Elon Musk -- already the world's richest person and owner of social media platform X.

Other high-profile tech figures like Meta chief Mark Zuckerberg and Amazon founder Jeff Bezos also figure among the world's wealthiest people.

Turk this year voiced alarm to the UN Human Rights Council over the influence wielded by "unelected tech oligarchs".

They "have our data: they know where we live, what we do, our genes and our health conditions, our thoughts, our habits, our desires and our fears", he told the UN's top rights body.

"They know how to manipulate us."

The fact that tech titans are racing to roll out generative artificial intelligence tools adds to the concern of many experts.

"Generative AI can have huge potential to resolve some of the biggest problems that we face, but we also can see the shadow side," Turk said.

He highlighted the impact AI-enhanced social media could have on election campaigns and other democratic processes.

It can be "extremely manipulative", he warned, and "can distort views, distract people from real life... the real issues".

- 'Climate denial' -

Turk cautioned that "AI that is unregulated can be a huge source of distraction, which then takes away the political energy that we need in order to actually fight autocratic tendencies, to push back on lack of control".

At the same time, AI is being used for "distorting reality", he said, adding he did not want to say it was creating alternative realities, "because they are not realities. It is fake".

And they are not harmless, he warned.

"The right to truth, the right to science are fundamental issues," Turk said.

With the UN climate conference under way in Brazil, he also decried the harm from climate change disinformation.

"I'm shocked to hear leaders talk about climate denial again, when we all know that we are already overshooting the goal that was set 10 years ago with the Paris Agreement," he said.

"What are we thinking? What are we doing to our children, our grandchildren, future generations?" he asked.

"There will be questions asked about accountability in the future, but then it's too late."

G.Dominguez--TFWP