Big Tech must be regulated now, Bill Gates says

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Big Tech must be regulated now, Bill Gates says
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Bill Gates says the US government must step up its regulation of big tech companies, whose influence in culture, business and all areas of life is becoming more pervasive

"Technology has become so central that governments have to think: What does that mean about elections? What does that mean about bullying? What does it mean about wiretapping authorities that let you find out what's going on financially or drug money laundering, things like that," the Microsoft founder said at the Economic Club of Washington, DC, on Monday."So, yes, the government needs to get involved.

The protection of user privacy and use of user data has been a flashpoint especially for Facebook, which has been criticized for multiple data scandals. Tech's antitrust problem has been out in the open for years"The fact that now this is the way people consume media has really brought it in to a realm where we need to shape it so that the benefits need to outweigh the negatives," he said.

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