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Google CEO Pushes Back Against Regulation Talk

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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.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

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If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Mississippi AG Preps Antitrust Suit Against Google

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The Mississippi Attorney General (AG) revealed that his office is preparing an antitrust case against Google , accusing the tech giant of controlling a “pipeline” of data. “We Hood said he wants all the major tech companies to adopt practices similar to the European Union’s General Data Protection Regulation (GDPR).

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UK Google Users Will Be Under US, Not EU Privacy Protections

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Google users in the U.K. will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction, according to officials, according to Reuters on Wednesday (Feb. Google will require its users in the U.K. Ireland, which hosts the headquarters of Google and other big U.S.

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Bank Regulators Probe Amazon Cloud

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Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S. Tech giant oversight is progressing despite objections from companies like Amazon, Google and Facebook.

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Patent Deal Struck Between Google And Tencent

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Google has inked a pact with China’s multinational investment holding conglomerate Tencent Holdings in a deal that cross-licenses a number of patents. On the Tencent side, the work with Google would follow a number of investments made over the past several months, including funds for both Tesla and Spotify, among others.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

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The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.