A PYMNTS Company

US: Bill Gates: Big Tech must be regulated now

By  |  June 25, 2019

Bill Gates says the US government must step up its regulation of big tech companies, reported CNN.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “Technology has become so central that governments have to think: What does that mean about elections? What does that mean about bullying? What does it mean about wiretapping authorities that let you find out what’s going on financially or drug money laundering, things like that,” the Microsoft founder said at the Economic Club of Washington, DC, on Monday, June 24. “So, yes, the government needs to get involved.”

    Gates discussed everything from the early days of Microsoft, to his investments in clean energy during the talk. But his thoughts on government interference in the tech sector were particularly relevant given recent government scrutiny of the size, influence, and privacy practices of tech companies such as Facebook, Amazon, Apple, and Google by both antitrust enforcement agencies and political candidates.

    Gates said he expects “there will be more regulation of the tech sector,” particularly as it relates to privacy issues. The protection of user privacy and use of user data has been a flashpoint especially for Facebook, which has been criticized for multiple data scandals.

    Full Content: CNN

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.