Shirin Ghaffary
Sen Warner: Beware of regulating US tech companies in a way that gives Chinese tech companies an advantage
If politicians in the US make the mistake of over-regulating big tech, Chinese competitors could easily take over the market, according to Sen Mark Warner (D-VA). When asked if tech giants should be broken up under antitrust laws, Sen Warner said regulators need to be careful not to be too “heavy-handed” because breaking up those companies could create an opening for Chinese competitors.
Black lawmakers are impatient with tech’s lack of diversity and are threatening regulation to force the issue
Leading black lawmakers are growing impatient with tech’s largely unfulfilled promises to improve employee diversity. Rep. Maxine Waters (D-CA) made the strongest case for regulation during a panel discussion with other members of the Congressional Black Caucus on the last day of their trip to Silicon Valley. She said she was “floored” to find out that many tech companies had only 1 percent to 2 percent black employees.