Tag: REGULATION
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Japan Implements Regulation for Major Tech Firms with 40 Million Users
Japan has enacted an ordinance to regulate technology giants with a monthly user base of at least 40 million, effective December 19. The law targets key areas such as app stores and search engines, aiming to promote market competition and restrict anti-competitive practices. On December 10, 2023, the Japanese government approved an ordinance aimed at…
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Japan to Regulate Major Tech Companies with New Ordinance
The Japanese government has enacted a new ordinance to regulate tech giants with over 40 million users per month, effective December 19. The Fair Trade Commission will oversee these regulations, which target companies like Apple and Google. The law aims to foster competition in app stores, operating systems, and other services, while fully coming into…
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China Enforces New Regulations on Tech Companies’ Algorithm Usage
The Chinese government is enforcing stricter regulations on tech companies’ use of algorithms to combat addiction and foster safer online environments for children and the elderly. This move complements previous guidelines aimed at promoting healthy content and curbing personalized recommendations, reflecting ongoing tensions with international lawmakers over data security. The Chinese government has intensified its…
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Embracing Alternative Pricing Models in the Evolving SaaS Landscape
The SaaS sector is evolving away from traditional seat-based models due to cost constraints and customer demands for consolidation. Vendors must explore alternate pricing strategies, such as consumption-based and outcome-based models, to align interests with customers. This transition reflects a need for collaboration and innovative pricing adjustments amid rising automation and increasing complexity in software…
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Australia Charges Tech Giants with Data Misappropriation for AI Training
The Australian Senate inquiry has accused tech giants Amazon, Google, and Meta of misusing Australian user data for AI training without transparency. It calls for standalone legislation to safeguard rights and compensate creatives impacted by AI. While the recommendations received support from some organizations, concerns about overregulation remain. An inquiry conducted by the Australian Senate…
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FTC Launches Antitrust Investigation into Microsoft
The U.S. Federal Trade Commission has launched an antitrust investigation into Microsoft, focusing on its software licensing and cloud services. The inquiry suggests potential misuse of market power, hindering competition. Microsoft faces criticism from competitors regarding its practices and pricing strategies related to Azure cloud services, especially against the backdrop of potential shifts in the…
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China’s Campaign to Regulate Algorithms for Targeted Advertising
The Cyberspace Administration of China has launched a campaign to regulate algorithms driving targeted advertisements and personalized recommendations online. The initiative is aimed at reducing addiction and introducing transparency, mandating companies to disclose how they rank content and assess pricing practices. This marks a significant step in China’s broad efforts to oversee algorithmic practices since…
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Exploring AI’s Potential and Challenges in Financial Institutions
In a discussion on AI’s impact on financial institutions, Assem Marat and Trenton McNee emphasize AI’s potential to enhance operational efficiencies and improve client service within the sector. They address risks such as AI washing and the need for regulatory adaptation, while underscoring the importance of effective data governance and new risk management strategies. The…
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Modern Revival of Sortition in Technology Governance
Leading technology firms, including Meta and OpenAI, are exploring sortition, a random selection method for decision-making that dates back to ancient Athens. This approach aims to enhance fairness and transparency in governance structures amid rising concerns over data privacy and ethical AI. However, challenges exist in balancing random selection with the need for competency in…