A PYMNTS Company

A Global Tipping Point for Reining In Tech Has Arrived

 |  April 21, 2021

By Paul MozurCecilia KangAdam Satariano & David McCabe (New York Times)

China fined the internet giant Alibaba a record $2.8 billion this month for anticompetitive practices, ordered an overhaul of its sister financial company and warned other technology firms to obey Beijing’s rules.

Now the European Commission plans to unveil far-reaching regulations to limit technologies powered by artificial intelligence.

And in the United States, President Biden has stacked his administration with trustbusters who have taken aim at Amazon, Facebook and Google.

Continue Reading…