AXIOS December 19, 2023
The Biden administration has signaled a crackdown on corporate America, but U.S. regulators’ teeth seem to be smaller and blunter than the dentition seen across the pond.
Why it matters: For all U.S. regulators’ bluster on the subject of regulating AI and Big Tech, a lot more is getting done in Europe and the U.K. It’s likely to remain that way for the foreseeable future.
Driving the news: The U.S. Department of Justice welcomed yesterday’s announcement that Adobe was calling off its highly controversial merger with Figma — but the death blow was dealt by antitrust regulators in the EU and U.K.
- Similarly, the terms of Microsoft’s acquisition of Activision were dictated by U.K. authorities.
- And the first real...
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