EU to unveil plans to boost European firms, rein in U.S. tech giants

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EU to unveil plans to boost European firms, rein in U.S. tech giants
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The European Commission will on Wednesday launch the first of a raft of proposal...

FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS

The data strategy and artificial intelligence discussion papers are part of a bigger scheme to help European companies better compete with U.S. tech giants and state-aided Chinese companies in the digital world. The core of the EU’s data strategy is the creation of a single European data market and smaller data markets centered on key industries, according to a draft seen by Reuters last month.

One of the possibly controversial proposals calls for doing away with EU competition rules against anti-competitive data sharing.

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