Gerard de Graaf, the EU's tech envoy in Silicon Valley, believes that the tech industry is more open to regulation than previously thought. Thierry Breton, European Commissioner for Internal Market, recently visited Silicon Valley to discuss the Digital Services Act.
European Commissioner for Internal Market Thierry Breton, one of the lead authors of the Digital Services Act, visited Silicon Valley last month. | Olivier Matthys/AP PhotoBig Tech isn’t known for embracing new rules: Its lobbyists have successfully quashed federal privacy and antitrust legislation and are pushing hard against the EU’s efforts to regulate online speech and commerce.
Steven Overly: What has surprised you most about the place? You’ve been doing tech from Brussels for a long time, how is it different in Silicon Valley?: Look what has happened in the last 12 months. I mean, we arrived in September. I remember the key issue or the topic at the time was metaverse. We were all talking about the metaverse, right? And here we are, like even less than a year later, I mean, not much talk anymore about the metaverse. It’s all about AI. It’s about generative AI.
Definitely. The EU is a very big market. These companies are highly successful in the European market and, of course, want to continue to be successful in the European market. These companies recognize that, particularly after the negotiations have been concluded on the Digital Services Act and Digital Markets Act, that the name of the game is compliance, is implementation. And I think we’ve seen a genuine commitment to try to comply.
There’s a lot of sympathy in the Biden administration for what the European Union is doing. I mean, again, we know the situation in the U.S. It would not be possible in the U.S. to implement legislation like the Digital Services Act, the Digital Markets Act. The feedback we got from the U.S. administration, it was never aggressive or strongly negative. I mean, of course, there were issues of concern, and the U.S.
There is a respect, I mean red carpet or not. They know it’s important to have a constructive relationship with the regulator. I mean, effectively, the European Commission is going to be the regulator for these very large online platforms. And it’s in the interest of both sides that there is a respectful relationship between, say, the regulator and the regulated.
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