BusinessCA State WireEuropeEuropean UnionGeneral NewsMoreScienceTechnologyU.S. NewsWashington newsWorld News Twitter’s Compliance with Europe’s Stringent Big Tech Regulations Under Scrutiny by Andrew Wright June 23, 2023 written by Andrew Wright June 23, 2023 3 comments Bookmark 70 Thierry Breton, a prominent European Union official responsible for digital policy, is currently in Silicon Valley to assess Twitter’s readiness to adhere to the European bloc’s stringent new digital regulations. These comprehensive standards, applicable to all major online platforms, must be implemented within a mere two-month timeframe. As the EU’s representative overseeing the Digital Services Act (DSA), Breton is leading efforts to ensure that tech companies enforce measures to combat hate speech, disinformation, and other harmful content on their platforms. The DSA will come into effect on August 25, primarily targeting major platforms. Brussels has become a trailblazer in the global movement to regulate Big Tech, with the DSA and upcoming regulations concerning data and artificial intelligence solidifying its pioneering role. In a tweet, Breton shared details of his meeting at Twitter headquarters, where he conducted a voluntary “stress test” to evaluate the platform’s preparedness for the new rules. He expressed satisfaction with Twitter’s serious approach to the exercise and reported constructive discussions with owner Elon Musk and newly appointed CEO Linda Yaccarino. During the mock exercise, Twitter’s ability to meet the DSA’s requirements was assessed, encompassing tasks such as safeguarding children online, identifying and mitigating risks like disinformation, and handling both normal and extreme situations. Since Elon Musk assumed ownership of Twitter last year, the platform has witnessed a surge in hate speech, prompting concerns. Musk has reinstated notorious election deniers, revamped Twitter’s verification system, and made significant changes to the moderation team responsible for overseeing posts. Last month, Breton cautioned Twitter that it cannot evade its obligations after the platform withdrew from the EU’s voluntary “code of practice” on combating online disinformation, which other social media platforms have committed to following. Under the Digital Services Act, combating disinformation will become a legal requirement. Musk has affirmed Twitter’s commitment to comply, stating, “If laws are passed, Twitter will obey the law,” during an interview with France 2 TV. Breton’s agenda for Friday includes discussions with Meta CEO Mark Zuckerberg and OpenAI CEO Sam Altman, focusing on the EU’s digital regulations and upcoming artificial intelligence policies. OpenAI is known for its widely used AI chatbot, ChatGPT. The DSA is part of a comprehensive update to the EU’s digital regulations, aiming to hold tech companies accountable for content moderation and enhance user protection online. European users of major tech platforms will benefit from easier reporting mechanisms for illegal content, including hate speech, and will receive clearer explanations regarding recommended content. Violations of the DSA can result in fines of up to 6% of global annual revenue, which could amount to billions of dollars for tech giants, or even a ban on operating within the EU, a market of 450 million consumers. In addition to his engagements, Breton will meet with Jensen Huang, CEO of Nvidia, a leading supplier of semiconductors for AI systems. The discussions will revolve around the EU’s Chips Act, designed to bolster the continent’s chipmaking industry. Simultaneously, the EU is finalizing the AI Act, the world’s first comprehensive set of rules governing this emerging technology. The AI Act has garnered attention due to its potential to infringe on privacy, disrupt employment, and violate copyright laws. While final approval is anticipated by the end of this year, the legislation will not take effect until two years later. Breton has proposed a voluntary “AI Pact” to assist companies in preparing for its implementation. Table of Contents Frequently Asked Questions (FAQs) about Big Tech regulationsWhat is the Digital Services Act (DSA) and what does it require from tech companies?What is the purpose of the voluntary “stress test” conducted by Thierry Breton at Twitter headquarters?How is Brussels leading the movement to regulate Big Tech?What are the potential consequences for tech giants that violate the DSA?What is the AI Act and how does it relate to the DSA?More about Big Tech regulations Frequently Asked Questions (FAQs) about Big Tech regulations What is the Digital Services Act (DSA) and what does it require from tech companies? The Digital Services Act (DSA) is a set of regulations implemented by the European Union to enforce stricter rules on major online platforms. It requires tech companies to crack down on hate speech, disinformation, and other harmful content on their sites. Compliance with the DSA is mandatory for the largest platforms, and violations can lead to fines or even a ban on operating within the EU. What is the purpose of the voluntary “stress test” conducted by Thierry Breton at Twitter headquarters? The voluntary “stress test” conducted by Thierry Breton at Twitter headquarters was aimed at evaluating Twitter’s readiness to comply with the DSA’s requirements. The test assessed Twitter’s ability to protect children online, detect and mitigate risks like disinformation, and handle various situations. It served as a preparation exercise for the new rules set to be enforced by the DSA. How is Brussels leading the movement to regulate Big Tech? Brussels has emerged as a trailblazer in regulating Big Tech by implementing stringent regulations such as the DSA. These regulations are part of a comprehensive update to the EU’s digital rulebook, which aims to hold tech companies accountable for content moderation and better protect users online. Brussels’ proactive approach in enforcing these regulations has positioned it at the forefront of the global movement to regulate Big Tech. What are the potential consequences for tech giants that violate the DSA? Tech giants that violate the DSA can face significant consequences. They may be subjected to fines worth up to 6% of their annual global revenue, which can amount to billions of dollars. Additionally, repeated or severe violations can result in a ban on operating within the EU, a market comprising 450 million consumers. The strict penalties aim to incentivize compliance and ensure greater accountability from tech companies. What is the AI Act and how does it relate to the DSA? The AI Act is a comprehensive set of rules being developed by the EU to regulate the use of artificial intelligence. It addresses concerns surrounding privacy, employment, copyright, and other potential issues arising from AI technology. While the DSA focuses on content moderation and user protection, the AI Act is concerned with governing the emerging technology itself. Both acts contribute to the EU’s efforts to regulate the digital landscape and establish guidelines for responsible technology use. More about Big Tech regulations Digital Services Act (DSA) – European Commission EU’s Trailblazing Digital Regulations – European Commission Thierry Breton – European Commission Twitter’s Compliance with DSA – Reuters AI Act – European Commission Regulating AI in Europe – European Commission Big Tech Regulations – CNBC You Might Be Interested In Attorney Kenneth Chesebro Admits Guilt in Attempt to Reverse Trump’s 2020 Georgia Election Defeat Tens of Thousands Left Without Electricity, One Fatality Reported Following Atlantic Storm Lee’s Onslaught on New England and Canada’s Maritime Provinces Top Fed Official Warns of Necessity for Further Interest Rate Increases US loses to Sweden on penalty kicks in its earliest Women’s World Cup exit ever Nobel economics prize goes to professor for advancing understanding of women’s labor market outcomes What’s driving Maui’s devastating fires, and how climate change is fueling those conditions AI ActArtificial intelligenceBig TechBrusselsBusinessCA State Wirechipmaking industry.compliancedata regulationsdigital regulationsDigital Services ActDisinformationDSAElon MuskEU regulationsEuropeEuropean UnionGeneral Newshate speechLinda Yaccarinoonline platformsScienceSilicon ValleySocial mediatech giantsTechnologyThierry BretonTwitterU.S. Newsuser protectionWashington newsWorld News Share 0 FacebookTwitterPinterestEmail Andrew Wright Follow Author Andrew Wright is a business reporter who covers the latest news and trends in the world of finance and economics. He enjoys analyzing market trends and economic data, and he is always on the lookout for new opportunities for investors. previous post The Paris summit on finance and climate comes to an end. Time for concrete steps? next post Unveiling the Largest Jewish Educational and Cultural Hub in Post-Holocaust Germany in Berlin You may also like Bookmark A woman who burned Wyoming’s only full-service abortion... December 28, 2023 Bookmark Argument over Christmas gifts turns deadly as 14-year-old... December 28, 2023 Bookmark Danny Masterson sent to state prison to serve... December 28, 2023 Bookmark Hong Kong man jailed for 6 years after... December 28, 2023 Bookmark AP concludes at least hundreds died in floods... December 28, 2023 Bookmark Live updates | Israeli forces raid a West... December 28, 2023 3 comments TechGeek22 June 23, 2023 - 8:44 am brussels leadin’ the way in regulating big tech. other countries gotta take notes. EU don’t mess around when it comes to user protection. Reply NewsFanatic123 June 23, 2023 - 3:27 pm twitter’s been in hot water lately. but they say they gonna comply with the laws. let’s see if they keep their word. Reply AI4Life June 23, 2023 - 10:08 pm eu ain’t stoppin’ at just digital services act. they also got the ai act in the works. gonna regulate artificial intelligence. privacy and jobs at stake. it’s a big deal! Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ