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EU to unveil plans to boost European firms, rein in U.S. tech giants – Source Reuters Tech News

FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS

BRUSSELS (Reuters) – The European Commission will on Wednesday launch the first of a raft of proposals to help European companies exploit their rich trove of industrial data and at the same time rein in online giants Facebook Inc, Alphabet Inc’s Google and Inc .

The data strategy and artificial intelligence discussion papers are part of a bigger scheme to help European companies better compete with U.S. tech giants and state-aided Chinese companies in the digital world.

European digital and antitrust chief Margrethe Vestager and European industry chief Thierry Breton will present the proposals around noon. They will come up with a final draft by the end of the year following feedback from interested parties.

The core of the EU’s data strategy is the creation of a single European data market and smaller data markets centered on…

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Source Reuters Tech News

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