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EU antitrust chief Vestager to hold press conference, big tech likely in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Vestager to hold press conference, big tech likely in focus

EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference to announce investigations into potential breaches of the Digital Markets Act (DMA) by Big Tech companies.

Related News

EU antitrust chief Vestager to hold news conference, Apple in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Vestager to hold news conference, Apple in focus

The European Union's antitrust chief, Margrethe Vestager, is scheduled to hold a press conference to discuss a competition case. While the specifics have not been disclosed, it is expected that she will announce a fine and require Apple to allow music streaming services, such as Spotify, to inform users about alternative options outside of Apple's App Store. This case stems from Spotify's complaint to the EU antitrust regulator in 2019.

EU antitrust chief Margrethe Vestager to hold news conference, Apple in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Margrethe Vestager to hold news conference, Apple in focus

European Union antitrust chief Margrethe Vestager is scheduled to hold a press conference regarding a competition case, although details have not been provided by the European Commission. Sources close to the matter suggest that Vestager might announce a fine and an order directed towards Apple, instructing the company to allow Spotify and other music streaming services to inform users about alternative options beyond Apple's App Store. The case originated from a complaint lodged by Spotify in 2019.

AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs

Economic Times

Economic Times · 1y ago

AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs

The European Union (EU) may launch an antitrust investigation into Microsoft's collaboration with OpenAI due to concerns over exclusivity clauses, while Google's AI deal with Samsung is also under scrutiny. EU regulators are seeking additional perspectives to understand the potential negative impact on competitors. This highlights worldwide unease about tech giants leveraging their dominance in the AI sector. EU competition chief, Margrethe Vestager, has sent information requests to major tech companies regarding their AI partnerships. Microsoft's partnership with OpenAI will not be subject to EU merger rules, but concerns persist regarding Big Tech blocking smaller AI developers. Google's arrangement with Samsung is also being examined, as are acqui-hires, where one company acquires another primarily for talent.

Amazon likely to face investigation under EU tech rules next year

Economic Times

Economic Times · 9m ago

Amazon likely to face investigation under EU tech rules next year

Amazon is expected to face an investigation by EU regulators in 2022 over allegations of favoring its own brand products on its platform. The investigation will be conducted under the European Union's Digital Markets Act, which aims to regulate the power of Big Tech companies. If Amazon is found guilty of breaching the Act, it could face a fine of up to 10% of its global annual turnover. The decision on whether to proceed with the investigation will be made by incoming EU antitrust chief Terera Ribera, who is set to replace Margrethe Vestager next month. Amazon has stated that it is compliant with the Act and has been engaging constructively with the Commission. Other tech companies, including Apple, Google, and Meta Platforms, are also being investigated under the Act.

EU's Vestager meets French tech firm Mistral AI amid competition concerns

Economic Times

Economic Times · 1y ago

EU's Vestager meets French tech firm Mistral AI amid competition concerns

European Union antitrust chief, Margrethe Vestager, emphasized the need for more competition in the AI sector during a meeting with Mistral AI, a fast-growing French start-up. Vestager has been investigating the partnerships between Big Tech companies and AI start-ups, raising concerns about potential domination in the field. Microsoft's $16 million investment in Mistral AI and collaboration with the company to make AI models available on its Azure platform, as well as similar investments by Amazon and Google in Anthropic, have triggered regulatory worries. Mistral AI is reportedly in talks to raise several hundred million dollars, with an estimated valuation of $5 billion.

Apple loses against EU over €13 billion Irish tax bill | Mint

Livemint

Livemint · 11m ago

Apple loses against EU over €13 billion Irish tax bill | Mint

Apple has lost its court battle against a €13 billion ($14.4 billion) Irish tax bill. The EU’s Court of Justice ruled in favor of a 2016 decision by the European Commission that found Ireland had granted an unfair advantage to Apple through tax benefits. The ruling is seen as a boost to the EU’s effort to crack down on special deals offered by countries to large corporations. The decision comes as a blow to Apple but a victory for EU antitrust chief Margrethe Vestager, who has been targeting tax arrangements of tech companies.

EU regulators mull easing merger rules for telcos and Big Tech to help pay network costs

Economic Times

Economic Times · 1y ago

EU regulators mull easing merger rules for telcos and Big Tech to help pay network costs

EU regulators are considering easing their regulations on mobile telecoms mergers and expanding telecoms rules to include Big Tech companies in funding the 5G rollout. Fragmentation of the EU market for electronic communications networks and services along national borders could hinder operators' ability to invest in future networks. Commission Vice-President Margrethe Vestager will present the proposal on February 21, seeking input from stakeholders before finalizing any decisions.

EU antitrust chief Margrethe Vestager may act if Microsoft's poaching of Inflection staff signals wider trend

Economic Times

Economic Times · 1y ago

EU antitrust chief Margrethe Vestager may act if Microsoft's poaching of Inflection staff signals wider trend

EU regulators are monitoring Microsoft's recent hiring of most of the staff from artificial intelligence startup Inflection, including its co-founders. The move did not go through the usual regulatory scrutiny of a traditional acquisition, which has drawn criticism from rivals. While Microsoft's action does not currently violate merger rules, EU antitrust chief Margrethe Vestager stated that if other companies follow suit and it becomes a trend that circumvents competition preservation, corrective measures could be taken. Microsoft has declined to comment on the matter.

UK's competition watchdog rejects probe into Microsoft-Mistral AI tie-up

Economic Times

Economic Times · 1y ago

UK's competition watchdog rejects probe into Microsoft-Mistral AI tie-up

The UK's competition watchdog, the CMA, has announced that it will not investigate the partnership between Microsoft and Mistral AI. Microsoft invested $16 million in the French start-up in February, allowing its AI models to be accessed through Azure. The CMA stated that the partnership does not qualify for investigation under merger regulations, as Microsoft has not acquired significant influence over Mistral AI. This decision follows the CMA's invitation for comments in April regarding this and other tech partnerships. EU antitrust chief Margrethe Vestager also recently met with Mistral AI to discuss competition in the AI industry.

US demands EU antitrust chief clarify rules reining in Big Tech

Economic Times

Economic Times · 6m ago

US demands EU antitrust chief clarify rules reining in Big Tech

U.S. House Judiciary Chair Jim Jordan has urged EU antitrust chief Teresa Ribera to clarify the enforcement of EU rules affecting Big Tech, claiming they unfairly target American companies. This follows President Trump's memorandum scrutinizing the EU's Digital Markets Act (DMA) and Digital Services Act. Jordan, alongside Scott Fitzgerald, critiques the EU's hefty fines and regulations, arguing they disadvantage U.S. firms, stifle innovation, and potentially benefit China. They request a briefing by March 10.

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