“I want us to be the model jurisdiction in the world for how we are dealing with digital platforms,” said Australian Prime Minister Scott Morrison. “We have regulation and restrictions that were written for an analog economy.”
Sundar Pichai, the CEO of Google, will also run Alphabet, the company said on Tuesday. The transition gives Pichai oversight of the conglomerate’s vast array of expensive, futuristic endeavors, such as autonomous cars and new health-care technology.
Large technology companies like Apple and Google parent Alphabet are increasingly offering financial services to boost revenue and gain greater access to the data that is at the heart of their business models.
As more industries regard speedy data analysis as a core competency, individual workers will start crafting their own tools to get the job done – and that’s where Microsoft’s Power BI, Power Apps, Power Automate and Virtual Agents come in.
Dominant tech companies have gained enormous competitive advantages from data, which deserves special attention from antitrust officials and lawmakers, according to Federal Trade Commissioner Rohit Chopra.