The years ahead are set to offer a much more challenging environment for big tech, industry experts have warned, with increased regulatory scrutiny aiming to clip their wings coming from both sides of the Atlantic.
In the US, large tech firms are facing the first major effort by Congress to regulate big tech since the inception of the internet: the antitrust bill known as the American Innovation and Choice Act, which has received bipartisan support in the House and Senate. Across the pond, the EU passed new rules to rein in the power of the tech titans in July - the Digital Markets Act and the Digital Services Act -which aims to crack down on what it defines as anti-competitive behaviour from mainly US technology businesses. "Silicon Valley now faces a two-pronged attack from the EU and leading ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes