•   
  •   
  •   

Technology Vestager - Technology companies have to give insight into algorithms

16:00  30 october  2020
16:00  30 october  2020 Source:   de.reuters.com

Hillicon Valley: Productivity, fatigue, cybersecurity emerge as top concerns amid pandemic | Facebook critics launch alternative oversight board | Google to temporarily bar election ads after polls close

  Hillicon Valley: Productivity, fatigue, cybersecurity emerge as top concerns amid pandemic | Facebook critics launch alternative oversight board | Google to temporarily bar election ads after polls close Welcome to Hillicon Valley, The Hill's newsletter detailing all you need to know about the tech and cyber news from Capitol Hill to Silicon Valley. If you don't already, be sure to sign up for our newsletter with this LINK.Welcome! Follow our cyber reporter, Maggie Miller (@magmill95), and tech reporter, Chris Mills Rodrigo (@chrisismills), for more coverage.WORK FROM HOME FATIGUE: Six months after states began issuing stay-at-home orders, many employees have settled into working-from-home routines that are likely to persist in some form beyond the pandemic.But with that seismic shift comes concerns about productivity, fatigue and cybersecurity.

Brussels (Reuters) - According to EU competition commissioner Margrethe Vestager, the dominant technology giants should give a closer look at how they work.

FILE PHOTO: Margrethe Vestager addresses the media at the German Economy Ministry in Berlin, Germany © Reuters / POOL FILE PHOTO: Margrethe Vestager addresses the media at the German Economy Ministry in Berlin, Germany

"The largest platforms will have to provide more information about their algorithms if regulators request it," Vestager said at an event on Friday . This is likely to affect major US corporations in particular, such as the Alphabet subsidiary Google, Amazon, Apple and Facebook, which are based on huge amounts of data and operate lucrative advertising businesses. The algorithms help companies, among other things, to place targeted advertisements.

Vestager not only wants to find out more about the algorithms, but also wants to give regulators and market observers access to the advertising archives. Ultimately, it is a matter of companies being held accountable, she said. At the beginning of December, Vestager wants to present two rules for a so-called Basic Platform Act (Digital Services Act and the Digital Markets Act). It will take some time before these can come into force, however, as EU countries and the EU Parliament have to deal with them first.

The Technology 202: Expect more tech executive grillings in the next Congress .
Both parties plan to continue their political scrutiny of tech giants, but it's unclear where it will lead. Tech CEOs can expect more demands to appear on Capitol Hill in the next Congress.

usr: 2
This is interesting!