European tech firms, startups to EU regulators: Wrap up 2-year-old Google investigation because we are…

A group of tech companies, startups and publishers, has urged the European regulator to expedite the nearly two-year probe into Google’s search practices, citing that the European businesses are going bankrupt while regulators deliberate. According to a report by news agency Reuters, the coalition has sent an urgent letter to the European Union’s top officials, demanding that they impose a significant fine on the American tech giant without further delay.

“The European Commission’s credibility is on the line,” the coalition said, adding, “It is important that sustained pressure to dilute the DMA is not shown to have succeeded.”

“Every passing day further erodes the profitability of European companies, hampering their ability to invest and grow, with many already facing financial distress or even bankruptcy under ⁠the weight of Alphabet’s conduct,” they highlighted.

The letter was sent on Sunday, and addressed to European Commission President Ursula von der Leyen, EU antitrust chief Teresa Ribera and EU tech chief Henna Virkkunen, the report said. The signatories include some of Europe’s most prominent media and technology organisations — among them the European Publishers Council, whose members include Axel Springer, News Corp, and Condé Nast — as well as the European Magazine Media Association, the European Tech Alliance, EU Travel Tech, the Initiative for Neutral Search, the Innovative Europe Foundation, and the German Startup Association.

What the European Commission has to say

The European Commission confirmed it had received the letter.

“The Commission aims to conclude this complex investigation as quickly as possible,” a spokesperson was quoted as saying.

Google has already made a series of proposals to address regulators’ concerns since charges were announced, but the company’s rivals and the signatories of Sunday’s letter say those measures fall short. Moreover, Google has denied that it favours its own services in online search results.

The investigation was launched by the European Commission on March 25, 2024 under the European Union Digital Markets Act (DMA), and is still going on. EU regulators have said they aim to wrap up DMA cases within 12 months. The Commission announced charges last year.

Latest

‘Firms need to move to adaptive, energy-efficient AI models’

Sarah Hooker is convinced that the future lies in AI systems that use less computing power, cost less to run and can adapt to the needs of users.

Encyclopedia Britannica sues OpenAI for ‘illegally using nearly 100,000’ articles to train ChatGPT

Tech News News: Encyclopedia Britannica – the world’s oldest continuously published English-language general encyclopedia – and its subsidiary Merriam-Web

Apple debuts AirPods Max 2 headphones: What’s in for musicians, podcasters and gamers?

The AirPods Max 2 offer active noise cancellation that’s 1.5x more effective than the original model, which came out in late 2020, Apple said Monday in a stat

WhatsApp may soon allow users to send messages to people who don’t use the app: Here’s what we know so far

Tech News News: WhatsApp is reportedly testing a feature that could allow users to message people who do not have a WhatsApp account. According to a report by W

Apple acquires MotionVFX to boost Final Cut Pro tools for creators

Tech News News: Apple has acquired MotionVFX, a leading developer of plugins and templates for Final Cut Pro and Motion. The move underscores Apple’s commitme

Topics

Reliance, Samsung sign $3-billion contract for green ammonia supply

The Reliance-Samsung deal, one of the largest of its kind globally, signals Chairman Mukesh Ambani's ambition to dominate the renewable energy value chain.

Sensex, Nifty set for muted open today due to higher-for-longer crude oil prices

Brokerages Citi and Nomura have lowered their year-end Nifty 50 targets, citing the impact of the surge in crude oil prices on India's growth and earnings.

Actor Navnindra Behl, known for Ishqbaaz, Queen, dies at 76; son Kanu Behl pens moving note: ‘Until you birth me again’

Veteran actor Navnindra Behl, best known for her work in Ishqbaaz and Bollywood film Queen, passed away at the age of 76. 

Hema Malini says ‘it’s a shame’ Dharmendra was left out of Oscars In Memoriam segment: ‘He was recognised everywhere’

Hema Malini criticised the Oscars for not including Dharmendra in the In Memoriam segment, stating that the late actor meant so much to people worldwide.

Pay first, fill later: Oil marketing firms suspend fuel on credit to pumps amid West Asia crisis

Oil marketing companies (OMCs) have suspended fuel on credit to limit offtake by retail outlets, four people aware of the development said.

‘Firms need to move to adaptive, energy-efficient AI models’

Sarah Hooker is convinced that the future lies in AI systems that use less computing power, cost less to run and can adapt to the needs of users.

Khushbu Sundar comes out in support of Trisha amid her viral pics with Vijay: ‘She is one of the most dignified women’

Khushbu Sundar has addressed the online chatter surrounding the public appearance of Vijay and Trisha Krishnan, after the divorce petition filed by Sangeeta.

Shocked Karan Johar reveals his 9-year-old son Yash’s ‘business proposal’ as he wants to pay rent to him. Watch

Karan Johar and his son Yash had a fun conversation as they discussed a business proposal. Watch their banter here.
spot_img

Related Articles

Popular Categories

spot_imgspot_img