• Latest
  • Trending
Market power of Siri, Alexa, Google a concern, EU regulators say

Market power of Siri, Alexa, Google a concern, EU regulators say

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Stocks gain as upbeat wall St earnings lift outlook

Bloomberg might pick up Wall St. Journal or W.Post, citing Axios

Rocky market giving macro funds a boost

Funds begin progress aiming for the peak of the U.S. interest rate: McGeever

Fed’s stress test on bank health results roll out on Thursday

Romer: Fed must make a “tough call” to prevent a shocker

FTX invested $300 million in Bahamas property as “personal fiefdom”

Bankman-Fried lawsuit’s link with the former head attorney of FTX

China signals crackdown on privacy, data, anti-trust to go on

Caixin PMI: China’s December manufacturing activity continues to fall because of a rise in COVID

Startup life outside the Tech hub

Start-ups emerge from the wreckage of Big Tech’s purging

Global Business Review Magazine
Thursday, March 23, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Market power of Siri, Alexa, Google a concern, EU regulators say

Market power of Siri, Alexa, Google a concern, EU regulators say

The market dominance of Amazon’s Alexa, Apple’s Siri and Alphabet’s Google Assistant has triggered concerns of potential anti-competitive practices. This is stated by the EU regulators. After a year-long inquiry into voice assistants and other internet-connected devices and also responses from more than 200 companies, the European Commission gave the comment.

Sectors such as e-commerce, pharmaceuticals, financial services and energy conducted inquires have led to cases against companies and hefty fines. Alexa, Siri and Google Assistant are Market power and a concern, EU regulators say the most popular voice- assistant devices in Europe. The global market is expected to double to 8.4 billion devices from 4.2 billion between 2020 and 2024. European Competition Commissioner Margrethe Vestager told reporters that they saw indications that some practices that they know too well may lead to tipping and to the emergence of gatekeepers.

YOU MAY ALSO LIKE

Normalcy wished to revert to airlines after FFA blackout

Caixin PMI: China’s December manufacturing activity continues to fall because of a rise in COVID

She also added that the preliminary results published appears that their concerns are shared by many players. Vestager said that if the inquiry would lead to cases against companies which will be decided after a 12-week long public consultation ending Sept. 1 and its final report due in the first half of 2022. Respondents cited worries over certain exclusivity and tying practices related to voice assistants such as producers of smart devices being prevented from installing a second voice assistant on a device.

Another concern was about voice assistant providers promoting their own services or those of third parties via default settings on devices. A third concern focused on the troves of data available to providers of voice assistants and smart devices. And the last one is about the lack of inter-operability between devices. There was intense competition in the smart home market, said Amazon.

A spokesperson stated that there will not, and should not, be one winner. Today, Alexa is compatible with over 140,000 smart home products, and they make it easy for device makers to integrate Alexa directly into their own products. Amazon has signed up 80 companies to its Voice Interoperability Initiative that gives customers the ability to access multiple voice services on a single device. Google and Apple did not immediately comment on this.

Tags: AlexaEuropean UnionGoogleSiri
ShareTweetShare

Search

No Result
View All Result

Recent News

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Household wealth anticipation has declined, claim by global poll
  • How is the bond yield controlled in Japan?
  • Policy takes the u-turn; BoJ’s yield curve may slip
  • Stocks are calm ahead of a possible CPI hurricane
  • Normalcy wished to revert to airlines after FFA blackout

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version