By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Security Parrot - Cyber Security News, Insights and ReviewsSecurity Parrot - Cyber Security News, Insights and Reviews
Notification
Latest News
OpenAI may use Associated Press archive for AI training
July 14, 2023
EU users can hold conversations with Google Bard from training set
July 14, 2023
Aptos, the new default font for Microsoft Office
July 14, 2023
BlackLotus UEFI bootkit sources published on GitHub
July 14, 2023
Hackers from the XDSpy cyber-espionage group attacked Russian organizations on behalf of the Ministry of Emergency Situations
July 14, 2023
Aa
  • News
  • Tutorials
  • Security InsiderComing Soon
  • Expert InsightComing Soon
Reading: Big Tech and politics cannot do without each other
Share
Security Parrot - Cyber Security News, Insights and ReviewsSecurity Parrot - Cyber Security News, Insights and Reviews
Aa
Search
  • News
  • Tutorials
  • Security InsiderComing Soon
  • Expert InsightComing Soon
Follow US
Security Parrot - Cyber Security News, Insights and Reviews > News > Big Tech and politics cannot do without each other
News

Big Tech and politics cannot do without each other

Last updated: 2023/07/06 at 1:55 AM
Security Parrot Editorial Team Published July 6, 2023
Share
SHARE

EU Fines Big Tech Companies for Unfair Competition

The European Union (EU) has recently hit tech giants such as Meta, Google, and Microsoft with millions of euros in fines. This is due to the suspicion of Big Tech takeovers in both Europe and America. Despite the friction between the two sides, prominent figures such as Sundar Pichai, Sam Altman, and Mark Zuckerburg have been seen in the administrative capitals of the West.
The latest highlight was the record fine of 1.2 billion euros imposed on Meta for sending European data to the US. Although this penalty has certainly hurt the company, its market cap of almost $733 billion means it can handle this with some regularity.
Yesterday, seven tech companies agreed to act as “gatekeepers” for the EU to achieve the goals of the Digital Markets Act (DMA). This includes guidelines on the interoperability of different applications, which should prevent unfair competition and give consumers more freedom of choice. Even though the DMA law has a coercive element (which may come into effect in March 2024), it is still striking that Big Tech itself is emerging to the rescue.
Politicians of different political colors will logically draw different conclusions about how to deal with tech companies. This is not a black and white picture, but has extremes of great freedom of movement for maximum innovation on the one hand and strong restrictions to guarantee privacy and security on the other. Examples include the data for the development of generative AI solutions, data sharing in communication apps, and the continuously evolving algorithms of platforms such as YouTube and Facebook.
This political multiplicity at least partly explains why we may have a fickle attitude towards Big Tech, in which tech prominent people sometimes participate in consultations and sometimes not. The exact nature of the tech industry’s interference in Brussels is difficult to determine. However, we have seen a recent example of what happens when these companies feel that they have had too little influence. The Canadian government introduced Bill C-18, a law requiring Google and Meta to pay money for sharing news articles from that country. In response, Google threatened to pull the plug on Canadian input for their own news platforms.
We still haven’t seen a Google Bard in Europe. The AI ​​chatbot was postponed for our continent in mid-June because Google wanted to avoid being in the crosshairs of Brussels. This is also a handy negotiating tool for the AI ​​Act, which is currently still being developed. After all, too strict restrictions on AI could lead to a competitive disadvantage, just as Canadian news sites may complain to their policy makers.

Big Tech Takeovers

Big Tech takeovers have been viewed with suspicion in both Europe and America. Despite the friction between the two sides, prominent figures such as Sundar Pichai, Sam Altman, and Mark Zuckerburg have been seen in the administrative capitals of the West.
The latest highlight was the record fine of 1.2 billion euros imposed on Meta for sending European data to the US. Although this penalty has certainly hurt the company, its market cap of almost $733 billion means it can handle this with some regularity.
Yesterday, seven tech companies agreed to act as “gatekeepers” for the EU to achieve the goals of the Digital Markets Act (DMA). This includes guidelines on the interoperability of different applications, which should prevent unfair competition and give consumers more freedom of choice. Even though the DMA law has a coercive element (which may come into effect in March 2024), it is still striking that Big Tech itself is emerging to the rescue.

Unilateral Action

Politicians of different political colors will logically draw different conclusions about how to deal with tech companies. This is not a black and white picture, but has extremes of great freedom of movement for maximum innovation on the one hand and strong restrictions to guarantee privacy and security on the other. Examples include the data for the development of generative AI solutions, data sharing in communication apps, and the continuously evolving algorithms of platforms such as YouTube and Facebook.
This political multiplicity at least partly explains why we may have a fickle attitude towards Big Tech, in which tech prominent people sometimes participate in consultations and sometimes not. The exact nature of the tech industry’s interference in Brussels is difficult to determine. However, we have seen a recent example of what happens when these companies feel that they have had too little influence. The Canadian government introduced Bill C-18, a law requiring Google and Meta to pay money for sharing news articles from that country. In response, Google threatened to pull the plug on Canadian input for their own news platforms.
We still haven’t seen a Google Bard in Europe. The AI ​​chatbot was postponed for our continent in mid-June because Google wanted to avoid being in the crosshairs of Brussels. This is also a handy negotiating tool for the AI ​​Act, which is currently still being developed. After all, too strict restrictions on AI could lead to a competitive disadvantage, just as Canadian news sites may complain to their policy makers.

Weekly Updates For Our Loyal Readers!

Security Parrot Editorial Team July 6, 2023
Share this Article
Facebook Twitter Email Copy Link Print

Archives

  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • February 2023
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020

You Might Also Like

News

OpenAI may use Associated Press archive for AI training

July 14, 2023
News

EU users can hold conversations with Google Bard from training set

July 14, 2023
News

Aptos, the new default font for Microsoft Office

July 14, 2023
News

BlackLotus UEFI bootkit sources published on GitHub

July 14, 2023

© 2022 Parrot Media Network. All Rights Reserved.

  • Home
  • Parrot Media Group
  • Privacy Policy
  • Terms and Conditions
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?