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In Good Company with Nicolai Tangen
Commissioner Margrethe Vestager: EU’s Top Regulator on Big Tech, Competition, and the Future of AI
Sep 25, 2024
Margrethe Vestager, Europe’s leading enforcer of competition laws, discusses her pivotal role in regulating Big Tech and ensuring fair competition. She elaborates on the balance between innovation and regulation, particularly in AI. Key topics include the complexities of the Digital Markets Act, unique corporate cultures at Apple and Google, and the importance of international regulatory collaboration. Vestager also shares valuable insights on guiding the younger generation amidst uncertainty and the need for strategic independence from global powers.
42:32
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Quick takeaways
- Margrethe Vestager emphasizes the importance of regulating AI applications to ensure reliability, accountability, and public trust without stifling innovation.
- The European Commission aims to strengthen the single market to enhance competition and enable local companies to thrive globally against international rivals.
Deep dives
Regulation and Trust in Technology
The European Commission prioritizes ensuring that technology serves the public and can be trusted, particularly concerning AI applications in critical areas. Regulations like the AI regulation are designed to mandate human oversight and accountability, ensuring that AI used for decision-making in social benefits or healthcare is reliable and non-discriminatory. The need for such regulations was underscored by previous scandals where unregulated AI applications led to significant social issues, such as mental health problems exacerbated by social media platforms. Thus, the Commission's approach aims to balance innovation with the protection of users and the safeguarding of democratic values.
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