European Commissioner Calls for US Tech Regulation to Foster Global Digital Market

The European Union’s industry chief, Thierry Breton, has called on the United States to pass new technology regulations in an effort to create a cohesive digital marketplace across the Atlantic. The EU has been at the forefront of tech regulation, implementing legislation like the Digital Markets Act (DMA) and the Artificial Intelligence (AI) Act to scrutinize major tech companies’ practices such as Google and Meta.

While the EU has taken significant steps in tech regulation, the U.S. has mostly relied on existing laws to regulate tech giants. However, recent actions taken by the U.S. Department of Justice, such as filing an antitrust lawsuit against Apple, show a shift towards closer oversight of tech companies.

Breton emphasized the importance of aligning digital regulations between the EU and the U.S., stating that a global digital market would be fantastic. With concerns rising over the risks associated with AI advancements, both regions share the same values and should work towards a unified approach.

These statements were made by Breton at the “Viva Technology” conference in Paris, where tech executives and political figures gathered to discuss the future of technology. The call for global cooperation in digital regulation comes at a time when the tech industry is facing increasing scrutiny worldwide.

Published on May 25, 2024 at 07:33 AM IST, Breton’s remarks highlight the growing importance of international collaboration in shaping the future of the digital economy.