Tech giants under threat, as nations unite in battle for the digital economy
22 Apr, 2021 05:00 PM
10 minutes to read
By: Paul Mozur, Cecilia Kang, Adam Satariano and David McCabe
From the US, to Australia, China and Europe, governments are moving to rein in the companies that rule the internet, write Paul Mozur, Cecilia Kang, Adam Satariano and David McCabe. China fined the internet giant Alibaba a record US$2.8 billion ($3.9b) this month for anti-competitive practices, ordered an overhaul of its sister financial company and warned other technology firms to obey Beijing s rules.
Now the European Commission plans to unveil far-reaching regulations to limit technologies powered by artificial intelligence.
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