Under new powers it is expected to acquire from the government, Britain’s competition regulator intends to force big tech companies to grant their rivals more access to data and prevent them from advertising their own goods, it announced on Thursday.
The Competition and Markets Authority (CMA) has strengthened the way it monitors Big Tech companies, like as Apple, Amazon, Google parent Alphabet, and Facebook owner Meta.
Its readiness to challenge them was demonstrated last year when it interfered with Microsoft’s acquisition of Activision Blizzard, the company that makes Call of Duty, and more recently when it said that it was examining the American behemoth’s agreement with OpenAI, the company that makes ChatGPT.
At a Silicon Valley conference, CMA head Sarah Cardell will speak, “The new digital markets competition regime will help ensure that tech challenger firms can bring forward genuinely disruptive and exciting new innovations that will create great new products for consumers,” according to a CMA statement.
“Today’s overview document not only provides clarity for UK parliamentarians, but also for digital firms and wider stakeholders about the approach the CMA intends to take,” she was going to continue.
With the knowledge to investigate quickly changing sectors like social media, the CMA established a specialized Digital sectors Unit more than two years ago. The new regulations will need to be followed by large tech corporations that have been identified.
The CMA, which was granted more standing as a result of Brexit, stated that it anticipated initiating three to four probes in the first year of the new law’s implementation.
It claimed that it may stop businesses from favoring their own goods and services and force them to give competitors more access to information and features.
Additionally, the CMA might mandate that they guarantee their users have an effective option, let their competitors’ goods and services to be used in conjunction with their own, and boost openness regarding certain components of their algorithms.
