EU AI Pact Gains Over 100 Signatories But Misses Big Tech Support
The EU’s voluntary AI pact aims for trustworthy AI, with over 100 signatories, but lacks support from major tech firms like Meta and Apple, raising concerns about its overall impact.
The EU’s voluntary AI pact aims for trustworthy AI, with over 100 signatories, but lacks support from major tech firms like Meta and Apple, raising concerns about its overall impact.
Meta faces potential fines from the European Commission for linking Facebook Marketplace to its social network, risking up to 10% of its €127 billion revenue, amid other ongoing investigations.
The Digital Markets Act aims to curb Big Tech monopolies, but recent findings suggest they may not be fully compliant, risking market competition and consumer protection.
Meta and Spotify CEOs argue that Europe’s fragmented regulations on open-source AI hinder innovation and risk leaving Europeans with AI systems designed for other markets.
EU scrutinizes Meta’s shutdown of CrowdTangle, questioning compliance with Digital Services Act and data access for researchers.
Meta may face a €12.2 billion EU antitrust fine for allegedly anticompetitive practices in integrating Marketplace with Facebook.
The EU’s Digital Services Act enforcement intensifies with ongoing probes into major platforms like Meta and TikTok, while some member states lag in appointing necessary regulators.
Meta faces EU scrutiny over its “pay or consent” model, risking significant penalties if it fails to address consumer protection concerns by September 1, 2024.
U.S. tech giants are withholding products from the EU due to regulatory concerns, potentially opening the market to European competitors and altering the global digital landscape.
The EU charges Meta with violating the Digital Markets Act, highlighting concerns over its “pay or consent” model and emphasizing the need for user control over data usage.