vestager

The European Union's sweeping new law to rein in potential market abuse from the world's biggest tech firms will first focus on sorting out app stores, the bloc's competition chief Margrethe Vestager said. Just days before the Digital Markets Act comes into force Vestager said in an interview with Bloomberg TV that she's most concerned about smaller app stores being given fair access to operating systems run by companies that dominate the market like the likes of Apple Inc., Alphabet Inc.'s Google, and Microsoft Corp. “I…

The European Union’s sweeping new law to rein in potential market abuse from the world’s biggest tech firms will first focus on sorting out app stores, the bloc’s competition chief Margrethe Vestager said. Just days before the Digital Markets Act comes into force Vestager said in an interview with Bloomberg TV that she’s most concerned about smaller app stores being given fair access to operating systems run by companies that dominate the market like the likes of Apple Inc., Alphabet Inc.’s Google, and Microsoft…

EU antitrust chief Margrethe Vestager will hold a press conference on a competition case at 1200 GMT, the European Commission said on Monday without providing details.She is likely to announce a fine and an order to iPhone maker Apple to allow Spotify and other music streaming services inform users of options outside Apple's App Store, sources close to the matter said. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK…

In December, the three branches of the European Union came to a hard-fought agreement on the world’s first set of rules on the development and use of artificial intelligence. The so-called AI Act uses a “risk-based” approach, applying a light touch to more benign systems (recommendation engines, for example) while applying stricter transparency rules to more dangerous systems (like those dealing with loan qualification), and outright banning others (surveillance). As has been the case with other EU regulations, it’s…

EU antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday.Last week, Vestager's communications adviser said she would speak to chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States, focusing on European digital regulation including the Digital Markets Act (DMA) and competition policy. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The European Union's competition czar Margrethe Vestager on Friday said US tech giants will have to strictly abide by the bloc's new rules on how they do business when they come into force in two months.EU competition commissioner Vestager was on a visit to Silicon Valley where she met with Apple CEO Tim Cook, Google CEO Sundar Pichai and other big tech executives.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product…

EU antitrust chief Margrethe Vestager will meet the chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States next week, her communications advise said on Friday.The meetings come a month after Vestager resumed her job following her failed bid to head the Luxembourg-based European Investment Bank, with antitrust experts expecting her to show a tougher line towards companies in both merger and competition investigations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.She stepped down temporarily in September after entering the race to become the next head of the European Investment Bank but lost out on Friday to Spanish economy minister Nadia Calvino.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML…

The European Union needs to speed up work on artificial intelligence (AI) regulation, Commission vice president Margrethe Vestager said Monday, as policymakers wrestle with the risks from the emergent technology."There is no time to waste" on passing rules to control the use of AI, Vestager told reporters in Berlin. The European Commission put forward regulatory proposals in early 2021, but progress on the legislation has been slow. EU member states set out their views on the Commission's ideas at the end of 2022, while…

FILE PHOTO: European Commission Vice President Margrethe Vestager looks on during an interview with Reuters in Brussels, Belgium, March 28, 2022. REUTERS/Johanna GeronThe European Union is likely to reach a political agreement this year that will pave the way for the world's first major artificial intelligence (AI) law, the bloc's tech regulation chief Margrethe Vestager said on Sunday. This follows a preliminary deal reached on Thursday by members of the European Parliament to push through the draft of the EU's…