Wire · founder news, decoded · regulatory
U.S. Embassy Seeks Delay to Digital Markets Regulation at Big Tech's Request
The U.S. Embassy in Brazil has twice requested delays to Brazil's digital markets regulation bill at the urging of major tech companies including Amazon, Google, OpenAI, Microsoft and Apple. The bill would establish a Special Superintendency within Brazil's antitrust authority to enforce algorithmic transparency and prevent platforms from favoring their own products.
The Wire takeaway
If you're building in Brazil or selling to Brazilian consumers, this bill is coming. Big Tech's attempt to block it via the U.S. Embassy signals the rules will be strict - platforms cannot favour their own products, and algorithmic decisions must be transparent. Plan for it now.
Read the full story at www1.folha.uol.com.br →
Topics: digital-markets-regulation · antitrust · algorithmic-transparency · us-lobbying · big-tech-pressure