{"id":12460,"date":"2023-01-02T10:00:44","date_gmt":"2023-01-02T10:00:44","guid":{"rendered":"http:\/\/TheNextWeb=1393294"},"modified":"2023-01-02T10:00:44","modified_gmt":"2023-01-02T10:00:44","slug":"how-the-eu-plans-to-take-on-big-tech-in-2023","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=12460","title":{"rendered":"How the EU plans to take on big tech in 2023"},"content":{"rendered":"\n

The European Union is on a mission to curb the power of big tech<\/a>. In recent years, the bloc has doled out <\/span>vast antitrust fines<\/span><\/a> to Silicon Valley giants, set <\/span>global standards for data privacy<\/span><\/a>, and proposed a raft of digital regulations. Yet critics say the rules have been ineffective.<\/span><\/p>\n

Analysts claim<\/span><\/a> the legislation has failed to protect competition, while giving companies <\/span>routes to avoid enforcement<\/span><\/a>. In 2023, the bloc has grand ambitions to change that. <\/span><\/p>\n

A key component of the plans is the new Digital Markets Act (DMA). The landmark legislation prohibits platforms from ranking their own products more favorably than those of third parties, and from processing data collected from different services. Fines for single infringements can reach 10% of the offenders\u2019 global turnover, and up to 20% for repeated violations. In May 2023, the new rules will start to apply. <\/span><\/p>\n

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Get your tickets for TNW Valencia in March!<\/h4>\n

The heart of tech is coming to the heart of the Mediterranean<\/p>\n

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The act is the cornerstone of two complementary objectives for the EU: reducing big tech\u2019s dominance and fostering European<\/a> challengers. <\/span><\/p>\n

To find out how these plans will unfold next year, TNW asked an array of tech experts for their predictions for 2023. <\/span><\/p>\n

Building competition<\/span><\/h2>\n

The impact of the DMA was a common topic in our experts\u2019 forecasts. <\/span>Amandine Le Pape<\/span><\/a>, COO of secure messaging and collaboration app <\/span>Element<\/span><\/a>, and <\/span>Matthew Hodgson<\/span><\/a>, technical co-founder of the <\/span>Matrix<\/span><\/a> open standard, both lobbied for the regulation. The duo is optimistic about the impact on competition.<\/span><\/p>\n

\u201cBig tech is being forced to embrace interoperability, which will unleash a new era of innovation,\u201d said Le Pape. \u201cConsumers and businesses will have more choice, better features, and improved privacy. Messaging is finally catching up with the openness of the web and email.\u201d<\/span><\/p>\n

\"Amandine
<\/i><\/a>Amandine Le Pape, COO of Element.<\/figcaption>