The EU unveiled a plan to rein in U.S. tech giants
BRUSSELS - The European Commission plans to create a single European market for data, hoping that pooling the region’s deep industrial expertise will help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights.
It is hoping that tapping into the trove of industrial data held by companies such as Germany’s Siemens and France’s Alstom could push Europe to the forefront of the next wave of innovation as machines and industrial processes are connected up via the so-called “internet of things”. Alongside the single European data market, the Commission plans to create smaller data markets centered on key industries, it said. A final draft of its proposals, following feedback from interested parties, is expected by the end of the year.
One possibly controversial proposal calls for doing away with EU rules against anti-competitive data sharing.In response to complaints about the power wielded by large online platforms, the Commission is also considering introducing rules to stop these companies from unilaterally imposing conditions for access and use of data or benefiting from this in a disproportionate way.
A discussion paper on artificial intelligence also aims to set up a framework to govern the use of the technology used by a growing number of companies, with the rules applying to high-risk sectors such as healthcare, transport and policing.
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