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“The new issues paper said the vision for the internet in the 1990s had not “quite developed in the manner expected””
RT @Innov_Aus@twitter.com
Big Tech inquiry eyes cloud, competition and the metaverse | @joseph_brookes@twitter.com
@ajamesbragg@twitter.com #BigTech #competition #metaverse #cloud #AusTech #Metaverse #US
https://buff.ly/3PeExSf
: InnovationAus.comBig Tech inquiry eyes cloud, competition and the metaverseAustralian lawmakers will consider a new regulator, rules for algorithms and a light touch approach to the Metavers while “mapping” Big Tech over the next year. The focus is squarely on the so-called ‘Big Five' US firms and their growing market power and influence. The five companies – Google (Alphabet), Apple, Facebook (Meta), Amazon and Microsoft – have a reported market capitalisation of nearly AU$10 trillion dollars, and their platforms account for around half the time Australians spend online. Senator Andrew Bragg, who will chair Senate Economics References Committee’s Big Tech inquiry, wants the Parliament to form a “stronger view” on the companies’ influence as countries around the world seek to reign in the tech giants.