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Need time to study impact of proposed digital competition law, say tech policy advocacy groups

Economic TimesEconomic Times ยท 1y ago
Need time to study impact of proposed digital competition law, say tech policy advocacy groups
Medial

A group of 21 organizations and individuals, including Broadband India Forum, Deepstrat, the Internet Freedom Foundation, and the Dialogue, have requested a five-month extension to the May 15 deadline for providing inputs on the draft of the Digital Competition Bill. They argue that the extension is necessary to allow for research, involvement of stakeholders such as small businesses and consumers, and to study the impact of ex-ante regulations worldwide. The organizations also emphasize the potential impact on non-digital domains, jobs, and income generation. The government had previously extended the comment submission deadline to May 15 from April 15.

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AI can drive efficiency, but raises market concentration concerns: Competition Commission chief

Economic TimesEconomic Times ยท 1y ago
AI can drive efficiency, but raises market concentration concerns: Competition Commission chief
Medial

The Competition Commission of India (CCI) plans to commission a study on the impact of artificial intelligence (AI) and machine learning (ML) on competition. The study will explore how AI is reshaping market dynamics and address the challenges it poses to existing competition law frameworks. CCI Chairperson Ravneet Kaur emphasized the need to ensure that the competition framework remains robust in the face of AI-related concerns such as market concentration and anti-competitive behavior. The study will also examine how AI can be utilized by the regulator itself. The CCI has been actively working to tackle anti-competitive practices through enforcement actions and advocacy measures.

ETtech Explainer: Why does X support proposed digital competition law while Meta, Google, Apple oppose it?

Economic TimesEconomic Times ยท 1y ago
ETtech Explainer: Why does X support proposed digital competition law while Meta, Google, Apple oppose it?
Medial

Microblogging site X, previously known as Twitter, is the only social media company supporting an ex-ante regulatory framework proposed by the Committee on Digital Competition Law (CDCL). They believe that regulatory institutions should be equipped with skilled academics to monitor technological developments. X also emphasizes the importance of carefully defining Systemically Important Digital Intermediaries (SIDIs) and complying with data protection norms. Unlike other tech giants, X isn't classified as a gatekeeper platform, therefore, the proposed ex-ante restrictions won't significantly impact their business. While X supports the regulation, they also highlight the need to avoid over-regulation that may hinder digital aspirations and innovative growth.

What the proposed digital competition law looks to regulate

Economic TimesEconomic Times ยท 1y ago
What the proposed digital competition law looks to regulate
Medial

The Committee on Digital Competition Law has proposed a new digital competition law in India, aiming to regulate potential abuse of dominance by large digital companies. The draft legislation suggests introducing an ex-ante framework that empowers the Competition Commission of India (CCI) to monitor potential misconduct by major enterprises. The proposed law classifies digital enterprises based on their quantitative and qualitative criteria and imposes penalties of up to 10% of the global turnover of systematically significant digital enterprises. Stakeholder feedback on the draft legislation is invited by April 15. This initiative aligns with similar ex-ante regulatory approaches taken by the European Union.

Regulating AI Decision Making: Facing Headwinds from All Directions

Economic TimesEconomic Times ยท 1y ago
Regulating AI Decision Making: Facing Headwinds from All Directions
Medial

Lawmakers in several states, including Colorado, Connecticut, and Texas, are proposing bills to address bias in AI decision making. However, these proposals face challenges from civil rights-oriented groups and the industry. The bills aim to increase transparency and accountability in AI systems and provide legal recourse for citizens affected by AI discrimination. While labor unions and advocacy groups support these measures, the industry raises concerns about trade secrets and the risk of lawsuits. The lawmakers emphasize the importance of collaboration, compromise, and consistent regulations across states. The proposed bills represent a first step but can be further refined over time.

India's competition regulator imposes $25.4 million fine on Meta

Economic TimesEconomic Times ยท 10m ago
India's competition regulator imposes $25.4 million fine on Meta
Medial

India's competition watchdog has fined WhatsApp $25.4 million and directed the messaging app to cease sharing user data with other Meta-owned applications for advertising purposes for a five-year period. The Competition Commission of India (CCI) launched an investigation into WhatsApp's privacy policy in 2021, which allowed data sharing with Facebook and its subsidiaries. The CCI stated that sharing user data with other Meta companies cannot be a condition for accessing WhatsApp in India. Tech giants like Apple, Google, and Meta are facing new regulatory challenges with India's proposed antitrust law. The Indian government is currently reviewing a panel report that recommends a Digital Competition Bill to complement existing laws.

Global AI guidelines 'normative', unclear about implementation, say researchers

Economic TimesEconomic Times ยท 1y ago
Global AI guidelines 'normative', unclear about implementation, say researchers
Medial

A study by researchers from the Pontifical Catholic University of Rio Grande do Sul found that global guidelines on AI ethics and governance lack clarity on implementation. The researchers analyzed 200 documents from 37 countries, revealing that while most guidelines focused on privacy, transparency, and accountability, they paid less attention to truthfulness, intellectual property rights, and children's rights. Only a small percentage of guidelines proposed practical methods for implementing AI ethics or advocated for legally binding regulations. The study emphasized the need for greater attention to these principles and more global representation in AI ethics discussions.

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