Apple CEO Tim Cook said that the tech industry very much needs to be regulated but he's 'not confident' in U.S. lawmakers to do it right.
Apple CEO Tim Cook said on Tuesday that regulation in technology is becoming increasingly important, but he doesn't trust U.S. lawmakers to take a smart approach.
"I'm not confident, is the short version of the statement," Cook said, when asked how confident he is that the U.S. would come up with smart, non-destructive regulations."I think this an example where Europe is more likely to come up with something. GDPR isn't ideal but GDPR is a step in the right direction."
"We all have to be intellectually honest," Cook said."We have to admit that there's something we're doing isn't working and that the technology needs to be regulated. There are now too many examples where 'no rails' have resulted in great damage to society." Cook did not name Google and Facebook, but he has been critical of their business models in the past. Cook has also called for the Federal Trade Commission to form a"data-broker clearinghouse" and requiring all data brokers to register.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's the management tactic Apple CEO Tim Cook uses to keep employees on their toesApple CEO Tim Cook is known for asking team members a barrage of questions to make sure they're on top of their responsibilities.
Read more »
Tim Cook said Apple's fight with the FBI in 2016 was a 'very rigged case,' and he wishes it went to court'I have personally never seen the government apparatus move against a company like it did here in a very dishonest manner,' said Apple CEO Tim Cook.
Read more »
Here are all the people and companies who have collectively pledged nearly $730 million so far to help rebuild Notre-Dame after the disastrous fireFrance's richest billionaires and even Apple CEO Tim Cook are among those who've pledged to donate more than $720 million to the Notre-Dame.
Read more »
Apple pledges to help rebuild Notre Dame CathedralApple CEO Tim Cook says the company will make a donation to help restore the iconic Notre Dame cathedral
Read more »
Alamo Drafthouse CEO details his strategy for the Manhattan and Los Angeles movie theaters he's opening this yearAlamo Drafthouse CEO Tim League gives an inside look at how upcoming movie theaters in Manhattan and Los Angeles will have a local feel.
Read more »
Microsoft CEO Satya Nadella Responds To Employee Protests About The Treatment Of WomenMicrosoft employees met with CEO Satya Nadella on April 4 to discuss concerns of discrimination against women in career advancement as well as claims of sexual harassment. Nadella emailed employees on April 15 to announce key changes to the human resources process.
Read more »
National Enquirer sold to CEO of Hudson NewsSupermarket tabloid has been in the headlines for its connections to President Donald Trump
Read more »
What this week’s Apple-Qualcomm-Intel dance means for the future of 5GQualcomm is now alone at the top of the 5G chip market.
Read more »
Opinion | Peace in the Tech Patent WarsOpinion: The Federal Trade Commission should now drop its lawsuit against Qualcomm to prevent more harm to markets and innovation
Read more »