The expansion of Google, Amazon, Apple, Meta, and Microsoft into emerging technologies and other interconnected products is increasing the risk of competition and consumer harm, according to the Australian Competition and Consumer Commission’s latest report, bolstering the watchdog’s push for regulatory reform.
The Australian Competition and Consumer Commission’s (ACCC) examined the expanding ecosystem of the five largest platforms, finding they have moved significantly beyond core offerings and introduced new risks to consumers’ lives.
From origins in internet search and social media, for example, some of the big tech firms have expanded into generative AI, digital health services, information storage, education, and financial products.
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