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, the European Commissioner for Competition, dives into the nuances of regulating Big Tech, discussing her landmark cases against giants like Apple and Google. She highlights the fine line between ensuring fair competition and fostering innovation, particularly in AI. Vestager also shares insights on Europe's strategic independence from global powers and the collaborative efforts needed between the EU and U.S. regulators. Personal challenges in negotiation and the importance of support for the younger generation are also key themes explored.
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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