👩💻 Deregulating artificial intelligence will not boost EU tech markets
❗European plans to weaken AI users’ rights are unlikely to help achieve convergence in performance between the EU and US tech markets
📑 Read the First Glance by @digitalmario.bsky.social
🔗
💻️The case for a European Union digital enforcement authority🏣
The European Union's digital rulebook could be better enforced by delegating some of the European Commission's powers to an independent agency, argues @digitalmario.bsky.social
🔗Read the Policy Brief: buff.ly/5jw93UG #EconSky
Two questions are gaining traction in the EU digital policy debate: is EU tech regulation responsible for the gap between the EU and other economies? If so, should the EU take on a deregulatory agenda? @digitalmario.bsky.social lays out an economic framework
www.intereconomics.eu/contents/yea...
In this @intereconomics.bsky.social paper, I share thoughts on the EU deregulatory strategy in tech.
Currently there is confusion on what regulation wants to achieve: efficiency or value distribution.
Without clarity, deregulation is necessarily suboptimal
www.intereconomics.eu/contents/yea...
📊 Chart of the week: Career paths of highly cited researchers 👩🔬🧑🏫
This Analysis by @digitalmario.bsky.social and Nina Ruer uses data on two sample groups of researchers to highlight where the EU may practically focus its efforts to attract US talent.
🔗 buff.ly/jDTOeXs
#EconSky
In this new @bruegel.bsky.social analysis, Nina Ruer and I look at US-based researchers’ educational path to speculate on relocation likelihood.
We find that about 9% of top researchers and up to 19% of early-career in elite uni have education ties with Europe.
www.bruegel.org/analysis/how...
In my letter to the @financialtimes.com I explain why the recent statements by FTC Andrew Ferguson are a deceptive misrepresentation of European regulation and its enforcement
@bruegel.bsky.social
@collegeofeurope.bsky.social
www.ft.com/content/9958...
(5) Whether the “soft today / threat for tomorrow” approach will work, it’s doubtful. I believe fines could have been higher, and the strategic result would have been the same. Companies are likely to claim that fines tantamount to tariffs no matter whether they are 200 mln or 2 bln.
(4) In summary: the Commission could not ignore the geopolitical context – that’s why they waited so long to release the fines. They took it easy today, but they keep their options open to escalate later.
(a) cease-and-desist order to Apple – by June 22, if Apple will not have complied with DMA, it may be fined by the day for non compliance
(b) preliminary findings for another Apple store case
3) However, this is a package – so fines should not be considered in isolation. Together with the small fines, EC gave another two little carrots (closing another Apple case and removing Meta’s marketplace from the DMA scope). But also two sticks:
2) If considered in isolation, the fines (500 mln Apple / 200 mln Meta) are very small. A back of the envelop calculation shows that they amount to approx. 0.1% of their 2024 turnover. Nothing compared to the profits they made with the infringement
1) The decisions were published today because the Google antitrust case in the US opened a window of opportunity. It helps EC frame the decisions as unrelated to the trade spat
the Commission published its long awaited decisions on DMA fines for Apple and Meta
ec.europa.eu/commission/p...
@bruegel.bsky.social
my DMA fines oped
www.bruegel.org/first-glance...
and some quick thoughts on today's fines below:
In my last @bruegel.bsky.social column I explain why simple game theory suggests that DMA fines should go up, not down, in face of US pressure.
www.bruegel.org/first-glance...
In my new @bruegel.bsky.social paper, I suggest a solution to handle small companies acquisitions by big tech amending the DMA.
Check the paper here 👇🏼
www.bruegel.org/policy-brief...
And a 3-min video teaser here 👇🏼
youtu.be/6l-nMCFOrgw
www.lopinion.fr/internationa...
All Europe should stand by Ukraine and its President. Now or never.
In my latest column for @bruegel.bsky.social I argue that, on tech regulation, the EU should stop apologising and go on the offensive.
The case for EU regulation killing innovation (as recently put forward by the US) is weak.
www.bruegel.org/first-glance...
It is comparable, not in terms of the harm that your example entails, obviously. But in terms of the reliability of the tools that we use.
The fact that OpenAI is American, not Chinese, gives a false sense of security (especially in this historical moment).
In the near future, what do we expect ChatGPT to answer to the question: “where does the Gulf Stream originate”?
*Anecdote alert*
This afternoon, with my students, we discussed the DSA.
One of them said that “the DSA is ok-ish, but, TBH, if tomorrow I would wake up and all social networks had disappeared, I would think that we are in a better world”.
50% of the class sided with him.
Age bracket: 23-26 yo
I am looking at this picture, and I cannot but ask: is a Commission with only White members truly representative of the EU demographics?
Glad to see BlueSky is picking up!
Let me drop a question/survey:
Should X be abandoned? Or better to multi-home, and still listen to what may soon become an extremist echo-chamber?
Eager to hear views :-)