Overview

• Nineteen large tech companies must comply with strict EU regulations by August or face hefty fines.
• The UK is also introducing a new law to curb the power of big tech companies like Google and Facebook.
• Regulators in both regions will have more power to police content, set rules for AI use, and issue large fines for violations.
• Companies could face separate fines from the EU and UK for the same offense, amounting to double the penalty.
• The new rules aim to reduce illegal and harmful content, protect consumers and smaller businesses, and promote fair competition in digital markets.