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Us Tech Giants

All articles tagged with #us tech giants

EU's Tech Sovereignty Drive Falls Short, Frustrating Brussels and Washington
technology8 days ago

EU's Tech Sovereignty Drive Falls Short, Frustrating Brussels and Washington

The European Commission on June 3 unveiled a tech sovereignty package aimed at reducing Europe’s dependence on U.S. tech, but critics say it’s too soft and risks angering Washington. The centerpiece Cloud and AI Development Act would implement a four-level certification to rate tools for vulnerability to foreign interference and could require replacing some foreign services with European options, yet large parts of the market could remain open to American giants. Reactions from lawmakers and industry groups warn the plan could be protectionist or ineffective without tougher action against major tech firms, and the proposal faces a lengthy negotiation between Parliament and national governments. Some officials also hint at coordinating with U.S.-led AI supply chain efforts (Pax Silica), while the Commission emphasizes openness and fair competition. Environmental standards for data centers are notably absent, drawing criticism from Greens and others.

Europe’s balancing act: building tech sovereignty without strangling access
opinion9 days ago

Europe’s balancing act: building tech sovereignty without strangling access

The FT View argues Europe must pursue tech sovereignty carefully: nurture European tech capabilities and control over critical tech through measures like a Cloud and AI Development Act and revised Chips Act, while avoiding measures that cut off access to leading US providers or invite retaliation. The plan would include sovereignty risk assessments, preferring EU-made software/hardware for the most sensitive contracts (level 4), and boosting cross-border investment and a unified single market to help European firms scale. In short, Europe should create the conditions for European champions without protectionist baggage that could undermine competitiveness or provoke a pushback from the US.

"Revisiting the Value of the Magnificent Seven Stocks and Alternatives for Investors"
financetechnology2 years ago

"Revisiting the Value of the Magnificent Seven Stocks and Alternatives for Investors"

Deutsche Bank analysts reveal that the combined value of U.S. tech giants Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla equals that of Japan, France, and the U.K. stock markets combined, with profits slightly less than Japanese companies. They highlight the potential for further growth due to global internet access and the infancy of artificial intelligence, while also noting risks such as antitrust issues and government control.

Hong Kong Internet Users Face Tech Giants' Restrictions
technology3 years ago

Hong Kong Internet Users Face Tech Giants' Restrictions

U.S. tech giants including Google, Facebook and Twitter have suspended processing requests for user data from Hong Kong authorities following the implementation of the new national security law. The move is aimed at protecting user data and privacy, as the law grants sweeping powers to authorities to monitor and censor online activity. However, the companies have not yet announced plans to leave Hong Kong entirely, and their services remain accessible to users in the city.