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Europe Is Breaking Open the Empires of Big Tech (www.wired.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[-] [email protected] 40 points 6 months ago

Sorry, but wtf is that AI generated image supposed to be? A blood covered jar lid? One of those giant red Staples, "That was Easy" buttons?

[-] [email protected] 10 points 6 months ago

AI images in journalism make me not want to read it

[-] [email protected] 7 points 6 months ago

If they used an bad ai image, they 100% used ai to write most of it.

Good ai images are near impossible to tell apart at glance.

[-] [email protected] 0 points 6 months ago

To me, I interpret it as the pattern is symbolising China's influence under the hood of the EU and the exclamation mark denotes the importance of the "problem".

But yes the bottle cap is stupid

[-] [email protected] 6 points 6 months ago

it's really not IMO.

DMA is extremely reasonable and Big Tech is kicking and screaming the whole way for the stupidest, little reasons.

Windows 11 EEA edition that actually respects your choice of browser? Are you fucking kidding me?

[+] [email protected] -104 points 6 months ago

I think Europe can't compete with the US tech firms because of many reasons so that is why they are doing it.

[-] [email protected] 93 points 6 months ago

Not the monopolies they hold over the tech industry.

Or the fact they simultaneously hold more wealth than a small country, yet pay miniscule amounts of tax.

Or the detriment to society they influence, both directly and indirectly.

Or the fact they're intrusive ways to scrape our lives, and selling that data to thousands of "partners".

No no... Apparently it's jealousy that's driving the EU, rather than making them accountable.

[-] [email protected] 3 points 6 months ago

Does the DMA actually do anything about that, except weakening monopolies?

[-] [email protected] 9 points 6 months ago

Why would/should it? It serves a specific purpose, just like the GDPR serves a specific purpose and covers another of OPs points.

[-] [email protected] 1 points 6 months ago

It's the topic of the thread, so I thought... FWIW I'm not sure that the GDPR really does what people hope, but that's a different topic.

[-] [email protected] 10 points 6 months ago

The GDPR does more than any other regulation out there. The world is definitely better for it. Could we do more? Sure, and the DSA is an attempt at that. Could we do it even better? Of course. We pay the bureaucrats in Brussels for a reason, they will come up with something.

[-] [email protected] 26 points 6 months ago

I agree that they're not able to compete, but I'm pretty sure they aren't doing it out of spite. I think they just see it as a big, monopolistic market that needs opening to competition (they have taken similar steps in other sectors as well, btw)

[-] [email protected] 13 points 6 months ago* (last edited 6 months ago)

Spotify, booking.com, Skype (formerly), Klarna, and Zalando are some examples of large European tech companies. Zalando has been trying to challenge the DSA, actually. But yeah, the majority of the largest tech companies are US based.

[-] [email protected] 6 points 6 months ago

Also SAP

[-] [email protected] 4 points 6 months ago

You do know Europe has it's own stock market with hundreds of fin and big techs?

[-] [email protected] 4 points 6 months ago

Well ofc. But the reason I've heard for why we never have the likes of Google/Meta/Apple etc. is because our market is very fractured compared to the US

[-] [email protected] 7 points 6 months ago

The reason is more that EU antitrust regulations still have some bite, and they don't let monopolies like Big Tech form. Also, there is less of a concentration of VC money since the economy at large is less financialized. Fewer firms are public, there is no equivalent of Wall Street.

Whether that's good or bad, I'll leave that up to everyone's conscience.

[-] [email protected] 4 points 6 months ago

Europe has a Wall Street, it just happens to be the City of London.

[-] [email protected] 2 points 6 months ago* (last edited 6 months ago)

Not many of these big companies are listed there though.

At least less than the US.

[-] [email protected] 0 points 6 months ago* (last edited 6 months ago)

EU doesn't have any big tech, i.e. tech companies the size and power of Google/Amazon/Meta/Microsoft/Apple.

[-] [email protected] 1 points 6 months ago

Oh sorry. I forgot you made the goal posts so that only you can be right. Fucking hell.....

[-] [email protected] 1 points 6 months ago

OK, give my the name of a European company you consider "Big Tech?"

[-] [email protected] 2 points 6 months ago* (last edited 6 months ago)

I'm sure you have a definition of your own. So I'll cast a wide web to see what sticks for you.

ASML, ADYEN, NXP, NOKIA, SAP, DASSAULT, BAT, Spotify, LOGI

And yes, I know these don't hold a candle to the Mag7 of America.....

[-] [email protected] 9 points 6 months ago

I think this must be the new dumbest comment on Lemmy. congratulations on being it.

[-] [email protected] 5 points 6 months ago

It certainly helps that there isn't big money lobbying against this, so I don't think you deserve these downvotes.

But this is very much an expression of the neoliberal ideology that the EU has in its DNA. The opposition to monopolies is one positive aspect.

[-] [email protected] 1 points 6 months ago

There is big money lobbying against this, and the AI act, and every other EU regulation.

US firms care if they can make money in the EU and actively lobby to change legislation.

[-] [email protected] 4 points 6 months ago

The US would like to do the same, but they can't

this post was submitted on 08 Mar 2024

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