In Good Company with Nicolai Tangen Commissioner Margrethe Vestager: EU’s Top Regulator on Big Tech, Competition, and the Future of AI
8 snips
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.
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EU Competition vs Global Competitiveness
- Balancing European internal competition with global competitiveness is crucial.
- A strong internal market fosters the "competitive muscle" needed to succeed globally.
Siemens-Alstom Merger
- The EU prohibited a merger between Siemens and Alstom, concerned about Chinese dominance in the train market.
- However, Siemens and Alstom now thrive globally, while China's influence remains largely domestic.
Regulation Implementation
- Thorough implementation of regulations is more important than speed.
- A thoughtful legislative process, considering diverse views, leads to lighter, more effective regulations.