UK joins EU in Big Tech regulation plans

Tom Allen
clock • 2 min read
Big Tech firms like Google and Meta could face fines of 10% of their global turnover if they breach new rules
Image:

Big Tech firms like Google and Meta could face fines of 10% of their global turnover if they breach new rules

The threat of billion-dollar fines aimed at Big Tech is intended to promote competition and innovation from smaller players

The UK Government has set out plans to bolster the Digital Markets Unit (DMU), part of the Competition and Markets Authority (CMA), with more powers to regulate and fine tech companies. The DMU'...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
IT Essentials: Party manifestos are a miss for tech

Government

The industry needs more than vague promises

clock 17 June 2024 • 3 min read
Regulators block Meta from training AI on user data

Artificial Intelligence

UK and EU authorities have told Meta to pause plans to train LLMs on Facebook and Instagram data

clock 17 June 2024 • 2 min read
OpenAI expands lobbying team to shape AI regulation

Corporate

Global affairs team has grown more than 10x in a year

clock 14 June 2024 • 3 min read

More on Legislation and Regulation

Asian Tech Roundup: Big tech's antitrust angst

Asian Tech Roundup: Big tech's antitrust angst

Plus: Pakistan's Great Firewall tribute act

Tom Allen
clock 14 June 2024 • 5 min read
Europe sets global benchmark with stricter AI laws

Europe sets global benchmark with stricter AI laws

EU AI Act to come into force in June

Vikki Davies
clock 23 May 2024 • 1 min read
EU investigating Meta over failure to protect children from 'addictive' algorithms

EU investigating Meta over failure to protect children from 'addictive' algorithms

Suspects Facebook and Instagram leading minors down 'rabbit hole'

John Leonard
clock 16 May 2024 • 1 min read