At Davos, Big Tech — companies like Microsoft and Google — used their airtime to call for more regulation around A.I. But more regulation could help Big Tech, which is able to comply with complex and costly rules, become even more powerful.
So why is Big Tech pushing so hard for more regulation?
Firstly they want to appear like they are benevolent forces using technology for good. And they want to make it seem like they are ready to work with governments around the world.There have been calls for the breaking up of big technology firms in the U.S., a Democratic senator, is perhaps the best-known proponent. The argument is that these firms have become too dominant.
In the EU, the argument around regulation of big tech firms, is that they have become too powerful and have stifled competition. The General Data Protection Regulation brought in stringent rules around the handling of people's personal information and data. It was designed to make sure there was no misuse for data. But the cost of complying with it was so high, it only helped Google andA similar trend could happen if more and more regulation is brought in, particularly around AI.
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