Regulators are forcing big tech to rethink its AI strategy – The Economist
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Trustbusters have big tech in their sights. On March 25th the European Commission opened a probe into Apple, Alphabet (Google’s parent company) and Meta (which is Facebook’s). Regulators in Brussels think the measures which the American technology behemoths have put in place to comply with the Digital Markets Act, a sweeping new law meant to ensure fair competition in the EU’s tech industry, are not up to scratch.
Days earlier America’s Department of Justice, along with attorneys-general from 16 states, sued Apple in what could be the most ambitious case brought against American tech since the DoJ battled Microsoft a quarter-century ago. It alleges that the iPhone-maker uses a monopoly position in smartphones to “thwart” innovation, “throttle” competitors and discourage users from buying rival devices. Apple denies wrongdoing.
This article appeared in the Business section of the print edition under the headline “ChatFTC”
Discover stories from this section and more in the list of contents
Taking aim at one of the best business models of all times
Hours without interruption and work to do. What could go wrong?
Its $39bn takeover offer is the latest in a string of mining mega-mergers
Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”
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Copyright © The Economist Newspaper Limited 2024. All rights reserved.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Trustbusters have big tech in their sights. On March 25th the European Commission opened a probe into Apple, Alphabet (Google’s parent company) and Meta (which is Facebook’s). Regulators in Brussels think the measures which the American technology behemoths have put in place to comply with the Digital Markets Act, a sweeping new law meant to ensure fair competition in the EU’s tech industry, are not up to scratch.
Days earlier America’s Department of Justice, along with attorneys-general from 16 states, sued Apple in what could be the most ambitious case brought against American tech since the DoJ battled Microsoft a quarter-century ago. It alleges that the iPhone-maker uses a monopoly position in smartphones to “thwart” innovation, “throttle” competitors and discourage users from buying rival devices. Apple denies wrongdoing.
This article appeared in the Business section of the print edition under the headline “ChatFTC”
Discover stories from this section and more in the list of contents
Taking aim at one of the best business models of all times
Hours without interruption and work to do. What could go wrong?
Its $39bn takeover offer is the latest in a string of mining mega-mergers
Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”
To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.
Copyright © The Economist Newspaper Limited 2024. All rights reserved.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
