Facebook Inc CEO Mark Zuckerberg on Monday urged the EU to take the lead in setting global standards for tech regulation or risk seeing countries follow China as a model.
“I think right now a lot of other countries are looking at China ... and saying: ‘Hey, that model looks like maybe it might work. Maybe it gives our government more control?’” Zuckerberg said in a video debate with European Commissioner for Internal Market Thierry Breton.
Under the Beijing model, “you don’t have to respect human rights quite as much in how the society gets run,” he added.
Photo: Reuters
“I just think that that’s really dangerous and I worry about that kind of model spreading to other countries,” Zuckerberg said in the talk, organized by the Centre on Regulation in Europe.
“I think that the best antidote to that is having a clear regulatory framework that comes out of Western democratic countries, and that can become a standard around the world,” he added.
“When Europe sets policies, they often become the standards around the world,” he said, citing the EU’s General Data Protection Regulation data protection legislation, which has been widely replicated.
Breton, a top EU official on tech policy, said that Facebook and other big tech companies must also live up to certain values.
If you want to have the right regulation, “you have to have a clear set of values and in Europe we have these values,” he said, hinting Facebook sometimes fell short, especially on controlling illegal content or paying fair taxes.
“At the end of the day, if we cannot find a way, we will regulate, of course,” he said.
“It is extremely important that when you are CEO, at the end of the day, you are the only one to be responsible,” Breton said.
“The mission of a CEO is to listen to everyone and then to take the decision. At the end of the day, it will be Mark who will be responsible, nobody else,” he said.
The debate came as Facebook embarks on a European lobbying campaign.
The European Commission is ramping up toward a Digital Service Act, a major piece of EU lawmaking intended to curb the powers of US big tech.
The law would include all aspects of the digital world, including cracking down on hate speech, protecting user data and preventing big companies from abusing their dominant market positions.
Silicon Valley firms are preparing a furious lobbying counterattack to limit its reach.
Left unchecked, the law could force Facebook, Google, Amazon.com Inc or Apple Inc to split their businesses, provide rivals access to their data and act more as public utilities and not profit-seeking innovators.
The law would also make the giants liable for illegal content — such as hate speech or pirated music — reversing a laissez-faire policy they say fueled the Internet revolution.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products