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mahatmakanejeeves

(57,513 posts)
Sun Jan 16, 2022, 09:11 AM Jan 2022

Big Tech Braces for a Wave of Regulation

U.S. | JOURNAL REPORTS

Big Tech Braces for a Wave of Regulation

Unlike in the past, this new scrutiny could have an impact on the bottom line

By Sam Schechner
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Jan. 16, 2022 5:30 am ET

Big tech companies are facing the biggest expansion in potential technology regulation in a generation. And while the jury is out on whether all that sound and fury will signify anything, for the first time there are signs that the big-tech backlash could have a substantive impact.

New laws under consideration in Europe, Asia and the U.S. could put sharp limits on how big tech companies can treat smaller competitors and restrict their use of artificial intelligence like facial recognition. Some proposals could ban common practices such as companies giving their own products a boost in their own rankings, something that could have an operational impact, executives and analysts say.

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