Big Tech investors should be paying more attention to EU’s regulatory strikes - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
观点 监管

Big Tech investors should be paying more attention to EU’s regulatory strikes

Latest actions target some of the core practices that have helped the biggest companies consolidate their power
00:00

{"text":[[{"start":9.99,"text":"As far as the stock market is concerned, attempts by competition regulators to restrain the power of big tech have invariably been a case of too little, too late. "}],[{"start":18.85,"text":"That was evident again this week as Microsoft and Apple came under fire from a European Commission armed with new and more draconian regulatory powers. "},{"start":26.817,"text":"Both companies’ shares flirted with record highs as investors displayed their usual, sanguine response. "}],[{"start":32.870000000000005,"text":"The tech world moves too fast for regulators burdened with old theories of competition and weighed down by bureaucratic processes, they reckon (though the EU’s new Digital Markets Act is designed to change that). "},{"start":43.662000000000006,"text":"Even cases that have resulted in large fines haven’t forced any changes to the tech giants’ business models that would seriously weaken the power of their online platforms. "}],[{"start":53.03,"text":"Those assumptions will be tested with a round of actions and investigations that target some of the core practices that have helped the biggest tech companies consolidate their power. "},{"start":61.597,"text":"And though the cases have been triggered by complaints that seem to have little relevance to new markets such as artificial intelligence, they could still establish important principles. "}],[{"start":70.37,"text":"This week’s cases in Brussels included the old charge that Microsoft unfairly targeted rivals such as Slack and Zoom by including its Teams collaboration free of charge in the Office suite of productivity apps. "},{"start":81.31200000000001,"text":"This hardly feels like a pressing issue in today’s tech world. "},{"start":84.679,"text":"It is seven years since Teams was bundled with Office and four since Slack complained to regulators. "}],[{"start":90.7,"text":"The preliminary complaint that Brussels levelled against Apple also had a historic feel to it. "},{"start":95.70400000000001,"text":"It was brought under the EU’s DMA, which came into force in March, but turns on the same disputed App Store rule that already resulted in a €1.8bn fine against the iPhone maker under earlier EU rules. "}],[{"start":108.71000000000001,"text":"All this has left the sense that regulators are fighting the last war. "},{"start":112.477,"text":"The focus of competition has moved on to new battlegrounds. "},{"start":115.78200000000001,"text":"Yet these cases get at business practices that will also shape new markets, including AI. "}],[{"start":121.87,"text":"Microsoft’s use of bundling, for instance, has long been one of its most powerful business weapons, while Apple’s App Store restrictions on developers have cemented the power of its mobile platform. "}],[{"start":133.01,"text":"Other investigations announced earlier this year under the new DMA targets other core practices, including Google’s ability to direct search engine users to its other in-house services (something that has been on Brussels’ radar since it first opened an investigation into online comparison shopping 14 years ago). "},{"start":149.039,"text":"It is also probing Meta’s take-it-or-leave-it requirement for users to accept all the company’s data practices if they don’t want to take up a new option to pay for its services in the EU. "}],[{"start":158.83999999999997,"text":"This more activist attempt to tackle central parts of the tech giants’ business models has been echoed in the US. "},{"start":164.79399999999998,"text":"A judge is set to deliver his judgment soon on the Department of Justice’s claim that Google unfairly monopolised control of distribution for its search engine, including paying billions of dollars a year to have its service featured prominently on Apple’s devices. "}],[{"start":178.30999999999997,"text":"The regulators still have a long way to go to prevail in these cases, including against the inevitable legal appeals, and, if they win, will need to come up with effective sanctions. "},{"start":188.13899999999998,"text":"But the success of actions such as these is likely to play a key role in determining how disruptive the rise of AI turns out to be for today’s tech giants. "},{"start":195.94399999999996,"text":"As things stand, their control of networks spanning billions of people and the troves of personal data they hold present a daunting barrier to upstarts. "}],[{"start":204.54999999999998,"text":"That has made it possible for companies like Apple and Meta to treat generative AI as just another tech ingredient, something they can use to add new features to their existing services. "}],[{"start":214.48999999999998,"text":"As things stand, AI start-ups have had little choice but to play by the big companies’ rules. "},{"start":219.819,"text":"OpenAI, for instance, has aligned itself with Microsoft as a big investor and business partner and negotiated a deal to put ChatGPT in front of Apple’s users. "},{"start":229.14899999999997,"text":"But it also has more disruptive ideas: an app store of its own that would create an entirely new platform for developers looking to harness the power of large language models, for instance, and an expansion of ChatGPT for businesses that puts it into direct competition with Microsoft. "}],[{"start":244.29,"text":"Tech’s AI wave is only just beginning. "},{"start":246.944,"text":"How it develops will depend greatly on regulators’ success at picking apart some of the practices that have shored up today’s giants. "}],[{"start":253.42,"text":""}]],"url":"https://creatives.ftacademy.cn/album/160864-1719541352.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

一周展望:美国通胀数据出炉后将揭示哪些信息?

由于官方数据发布延迟,在对持续的通胀压力及全球最大经济体健康状况的担忧下,投资者陷入“盲飞”。

海上风电遭遇经济与政治“双重风暴”

利率上升、供应链紧张以及特朗普的反对立场共同压制了海上风电行业的繁荣势头。

Z世代正在崛起为全球政治的新生力量

马达加斯加的抗议凸显了追求速成的青年力量与缺陷。

多家制药团队公布治疗最棘手乳腺癌的新进展

阿斯利康、第一三共公司与吉利德在“三阴性”乳腺癌试验中公布了可喜结果。

巴基斯坦与阿富汗同意停火

昔日盟友爆发了多年来最激烈的战斗。

濒危手工艺行业如何抵御AI带来的就业威胁

从剪刀制作到编筐编织,一些业内人士认为,古老手艺看起来是稳妥的职业选择。
设置字号×
最小
较小
默认
较大
最大
分享×