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Technology Regulation

All articles tagged with #technology regulation

technology-regulation1 year ago

"EU Launches Sweeping Probes into Apple, Google, and Meta Under New Tech Law"

The European Commission has launched investigations into Apple, Google, and Meta under the new Digital Markets Act, which aims to prevent Big Tech companies from dominating digital markets. The companies are being scrutinized for potential non-compliance with rules related to app store practices, preference for their own services, and user choice in web browsers and ad-free options. The investigations are expected to be completed within 12 months.

technology1 year ago

"UN Secures Landmark Consensus on First AI Resolution"

The United Nations General Assembly has unanimously adopted a resolution on artificial intelligence, backed by 123 countries including the United States, to ensure the safe, secure, and trustworthy development and use of AI. The resolution aims to bridge the digital divide between developed and developing nations, promote global consensus on AI governance, and harness AI for achieving UN development goals. It also encourages the development of regulatory frameworks and warns against improper use of AI systems, emphasizing the importance of respecting human rights and fundamental freedoms throughout the AI life cycle.

technology-regulation1 year ago

"EU's Digital Markets Act: Impact on Tech Giants and Regulatory Compliance"

The Digital Markets Act (DMA) takes effect in the European Union, targeting tech giants like Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft, imposing strict regulations and hefty fines for non-compliance. The EU aims to create a level playing field in the digital sector and has already influenced global tech regulation, with governments worldwide considering similar legislation. The DMA, alongside the Digital Services Act, signals a new era of tech regulation, but certain digital markets remain outside its scope.

technology-regulation1 year ago

"EU Launches Formal Probe into TikTok Over Content Breaches and Child Safety Concerns"

The European Union has launched a formal investigation into TikTok over potential breaches of online content rules, focusing on issues such as protecting minors, transparent advertising, addictive design, screen time limits, and privacy settings. The investigation comes under the new Digital Services Act (DSA) and could result in fines of up to 6% of TikTok's global turnover if found guilty. TikTok has stated its commitment to working with experts to ensure the safety of young users and looks forward to explaining its efforts to the European Commission. This marks the second DSA investigation after Elon Musk's social media platform X faced scrutiny in December.

technology-regulation1 year ago

"Senate Set to Pass Updated Kids Online Safety Act Amid Tech Companies' Efforts to Erase Abortion Information"

The Senate is on the verge of passing the Kids Online Safety Act (KOSA), a significant piece of tech regulation aimed at protecting children online by imposing new obligations on digital platforms to prevent harm and enhance privacy settings for younger users. The bill has garnered bipartisan support and addresses concerns about targeting LGBT youths and stifling speech online. While it faces an unclear path in the House, its passage in the Senate could pressure the House to follow suit. The push for stricter regulations comes amid mounting bipartisan concern about the impact of social media on children's mental health and exposure to harmful content online.

technology-economics2 years ago

"IMF Warns: AI Set to Disrupt 40% of Global Jobs and Deepen Inequality"

The International Monetary Fund (IMF) predicts that artificial intelligence (AI) will impact nearly 40% of all jobs, potentially exacerbating inequality, with higher-income and younger workers likely to see wage increases while lower-income and older workers may fall behind. The IMF urges policymakers to address this trend and implement comprehensive social safety nets and retraining programs to make the AI transition more inclusive. As global leaders gather at the World Economic Forum, AI regulation is a hot topic, with the EU, China, and the US all taking steps to regulate the use and development of AI.