watchdog begins investigating nvidia billion

Independent auditors will monitor compliance, while EU countries will enforce the rules. The companies will be required to publish details of their online advertisers and show the parameters used by their algorithms to suggest and rank information. The tech giants are required to do more to tackle illegal content such as hate speech and child sexual abuse material, misuse of their platforms that impinges on fundamental rights, and intentional manipulation of platforms, such as using bots to influence elections and public health. The DSA also targets very large online platforms, defined as companies with more than 45 million users in Europe. Rule breakers face fines as high as 10% of their annual global turnover, while repeat offenders can be broken up as a last resort. They will also be required to inform regulators of planned takeovers, a move aimed at preventing so-called killer acquisitions, or buying smaller rivals to kill them off. They face a list of dos - such as sharing certain kinds of data with rivals and regulators - and don'ts - among them a halt to favouring their own services on their platforms or harvesting data from their platforms to compete with their business users. Such companies could be online search engines, social networking services, cloud computing services and advertising services. Other criteria include having more than 45 million monthly users in Europe and more than 10,000 business users. Gatekeepers are defined as companies with more than 6.5 billion euros in annual European turnover in the last three years or 65 billion euros ($79 billion) in market value in the last financial year, and provide a core platform service in at least three EU countries. The DMA targets online gatekeepers - companies that control data and access to their platforms - which thousands of businesses and millions of Europeans rely on for their work or social interactions.

There are two sets of rules, the Digital Markets Act (DMA) and the Digital Services Act (DSA), with the latter in effect replacing the 20-year-old e-Commerce Directive. Here is what European Union regulators hope to achieve, and the factors that will affect the final legislation expected to be adopted in the coming months, or possibly longer. The European Commission announced draft rules on Tuesday to rein in tech giants such as Alphabet's Google, Facebook, Apple and Amazon, the most significant among a raft of measures taken by regulators worldwide. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories.

Watchdog begins investigating nvidia billion