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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

EU industry leader defends Big Tech-criticized data rules

European Internal Market and Industry Commissioner Thierry Breton speaks at a news conference in Bru... European Internal Market and Industry Commissioner Thierry Breton speaks at a news conference in Brussels, Belgium February 23, 2023. REUTERS/Yves Herman/File Photo
European Internal Market and Industry Commissioner Thierry Breton speaks at a news conference in Bru... European Internal Market and Industry Commissioner Thierry Breton speaks at a news conference in Brussels, Belgium February 23, 2023. REUTERS/Yves Herman/File Photo

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EU industry chief Thierry Breton defended draft measures to prevent non-EU governments from illegally accessing EU data as non-protectionist.

The European Commission, EU governments, and EU parliament are finalizing Breton’s Data Act proposal from early last year. Before the legislation is passed, the parties should achieve a final agreement next week.

It regulates EU consumer and business data created in smart gadgets, machines, and consumer goods and is the latest in a series of rules to limit U.S. internet companies.

Our European data strategy unlocks massive data and defines how to distribute, store, and process it. “This will benefit all businesses—European, American, and others alike,” Breton said in a speech establishing an EU Office in San Francisco.

“Assertiveness is not protectionism,” he remarked.

Big U.S. IT giants and European companies have argued the Data Act could hinder international data movement.

Siemens (SIEGn.DE) and SAP (SAPG.DE) warned last month that sharing data with third parties to provide aftermarket or other data-driven services could compromise trade secrets.

Elon Musk, Mark Zuckerberg, Jensen Huang, and Sam Altman will meet Breton in San Francisco. He will try to get them to sign his AI Pact, which requires corporations to apply EU AI guidelines before their enforcement in two years.

He added that Europe had formed a digital alliance with Singapore and will visit Asia next week to discuss the digital agenda and AI with the Korean and Japanese governments.


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