EU to assess whether Amazon and Microsoft cloud businesses need extra scrutiny

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LONDON (AP) — The cloud businesses of Amazon and Microsoft could face stricter scrutiny from European Union regulators, who are looking into whether they should fall under the bloc’s dragnet on Big Tech companies.

The bloc’s executive Commission said Tuesday that it’s assessing whether Amazon Web Services and Microsoft Azure should be classified as “gatekeepers” under the EU’s Digital Markets Act.

The sweeping rule book is designed to rein in the market power of tech companies with a list of do’s and don’ts, under threat of hefty penalties.



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EU to assess whether Amazon and Microsoft cloud businesses need extra scrutiny


LONDON (AP) — The cloud businesses of Amazon and Microsoft could face stricter scrutiny from European Union regulators, who are looking into whether they should fall under the bloc’s dragnet on Big Tech companies.

The bloc’s executive Commission said Tuesday that it’s assessing whether Amazon Web Services and Microsoft Azure should be classified as “gatekeepers” under the EU’s Digital Markets Act.

The sweeping rule book is designed to rein in the market power of tech companies with a list of do’s and don’ts, under threat of hefty penalties.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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