CTOvision hardly ever calls for more regulation in the tech world. There are usually just too many unintended consequences when rules are applied by legislators who do not have a good grasp of technology. It is usually most prudent for legislators to move slowly and carefully consider a wide range of inputs before crafting new rules.
But here is one that makes me want to stand up and cheer and yell out “full speed ahead”!
EU proposes massive fines for online tech firms of up to 4% of worldwide revenue for the previous year if they fail to remove terrorist content within one hour. The European Union is proposing massive fines for online providers that aren’t fast enough in removing terrorist content from their services, raising pressure on big tech firms like Facebook and Alphabet’s Google that have till now backed voluntary approaches.
Read more about European Union’s proposed new legislation that would create a legal obligation for any online service to remove terrorist content within an hour of being notified of its presence, and to install automated systems to prevent removed content from popping up again on Wall Street Journal.
At this point I can only think of reasons to strengthen the proposed rule. Like also apply it to any content known to be sponsored by a closed society like Russia, China, Iran or DPRK.
Good on you EU.
U.S. Congress, please take note!