article thumbnail

Google CEO Pushes Back Against Regulation Talk

PYMNTS

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

Google 108
article thumbnail

US Considers AI Regulation For Foreign Countries

PYMNTS

government is looking to find a way to regulate artificial intelligence (AI) so other countries can’t use the technology against it. leadership in this field,” and will operate within the technology committee at the National Science and Technology Council. A new proposal shows that the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU To Hit Google With $5B Antitrust Fine Over The Android OS

PYMNTS

Alphabet’s Google is about to get slapped with a $5.06 The Wall Street Journal , citing an official familiar with the matter, reported Google could get hit with the fine later Wednesday (July 18) — a formal decision on the fine was made at a meeting of EU commissioners following a presentation by Margrethe Vestager, the competition chief.

Google 100
article thumbnail

Google’s Acquisition Of Data Firm Triggers UK Watchdog Probe

PYMNTS

The agency is investigating whether Google ’s $2.6 Google announced on June 6 that it had struck an acquisition deal with Looker, which hinged on “customary closing conditions, including the receipt of regulatory approvals.”. and Austria, and we continue to make progress with regulators in the U.K.”.

article thumbnail

Incoming EU Leaders Plan New AI, Data Use Laws 

PYMNTS

big tech companies as the European Commission prepares for new leadership, The Wall Street Journal reported on Tuesday (Sept. Alphabet’s Google has already been hit with $9.4 Regulation, however, should be limited so new technology can flourish. Evidence is being gathered on U.S. Within 100 days of taking office on Nov.

Data 140
article thumbnail

Google, Amazon, Facebook, And Apple Are Hiring To Defend Against The ‘Techlash’

CB Insights

Facebook stock is down and it faces investigation by a growing list of international regulators. Google has lost employees and also faces regulation. Amazon and Google are taking PR hits from the President. Now Google, Amazon, Facebook, and Apple (GAFA) are fighting to maintain — or win back — our trust. .

Google 48
article thumbnail

Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168