Australia’s competition watchdog has urged the government to stay the course with its proposed digital competition regime, warning that existing laws are “insufficient” to tackle the market power of the Big Tech giants head on.
As the government considers its next steps in the wake of threats by the US government, the Australian Competition and Consumer Commission used the final report from its five-year digital platform services inquiry to reiterate the urgent need for reform.
It has also uncovered “potential and emerging competition issues” in cloud computing and generative AI, particularly by the big three cloud service providers Amazon, Microsoft and Google.
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