EU reviewing major tech companies like Microsoft, OpenAI, Google, Samsung. #antitrust

The European Union is reviewing major tech companies, most of which are based in the US, for their practices that create dependency on certain ecosystems and hinder consumers from switching services. Companies such as Microsoft, Google, Facebook, Samsung, and TikTok are being scrutinized for leveraging their market power across different markets. EU Commissioner for Competition Margrethe Vestager emphasized the need for strong competition enforcement during times of technological changes to prevent monopolies and foster innovation. The EU is particularly focused on the development of artificial intelligence and metaverse technologies, as well as the concentration of power among a few players in the industry. Specific information has been gathered on the competition dynamics in the AI sector, with formal information requests sent to tech giants like Microsoft, Google, Facebook, and TikTok. Follow-up requests have been made to understand the agreements between these companies and their potential negative effects on competitors. The EU is also monitoring distribution channels to ensure a wide range of choices for businesses and consumers. Additionally, Apple has been found to be breaching the Digital Markets Act with its App Store rules that restrict developers from directing consumers to alternative channels for offers and content.

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Source link: https://www.aa.com.tr/en/economy/major-tech-companies-including-microsoft-openai-google-and-samsung-under-eu-review/3261252