This article is from the Center for Security and Emerging Technology at Georgetown University. CSET hosts some of the smartest people on the planet, in my humble estimation. The Euros have figured out to define “core platform services.”
The EU’s New Digital Act Could Mean Big Changes for Tech Giants: On March 24, European Union leaders reached agreement on a new law, the Digital Markets Act, that would dramatically reshape the business practices of many of the world’s biggest tech companies. The law would require designated “gatekeeper” companies providing “core platform services” — such as Alphabet, Meta, Microsoft and Apple — to make dramatic changes to the way they do business. In particular, its ban on aggregating user data across platforms without explicit consent could have a major impact on some of the world’s leading AI developers. Tech giants like Meta and Alphabet have leveraged their massive aggregated data resources to help train AI used for advertising, personalization, and other purposes. The threat of penalties of up to 10 percent of global revenue (20 percent for repeat offenses) may make that kind of data pooling too risky to be worth pursuing. Despite a fierce big tech lobbying campaign in Brussels and the Biden administration’s concerns that the law unfairly targets U.S. companies, the DMA is expected to be approved and take effect as soon as October.
- More: Big online firms face 0.1% supervisory fee under new EU rules | Europe’s Digital Markets Act Takes a Hammer to Big Tech
