Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Tech companies won't wait for U.S. to act on social media laws, Microsoft's president says

Published 09/13/2019, 02:24 PM
Updated 09/13/2019, 02:24 PM
© Reuters. Microsoft President Brad Smith speaks during a Reuters Newsmaker event in New York

By Sheila Dang and Stephen Nellis

NEW YORK and SAN FRANCISCO (Reuters) - Microsoft Corp (NASDAQ:MSFT) President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media platforms to flourish.

Smith said that Section 230 of the U.S. Communications Decency Act, which says that tech companies cannot be sued for what users of their online platforms say, was a needed law in the late 1990s when it first passed but that technology companies are now more mature and should have a "new level of responsibility" for what is said on their sites.

He also said that other countries such as New Zealand were passing laws in the wake of events like the mass murder in Christchurch earlier this year, which was broadcast live on social media platforms.

"The laws around the world are going to change, and because technology is so global, American companies will adopt a new approach even if the United States Congress does nothing," Smith said, during an interview with Reuters Editor-in-Chief Stephen J. Adler in New York. Smith spoke to Reuters as part of a tour to promote his recently released book, "Tools and Weapons."

In the interview, Smith also said Microsoft has turned down government requests for facial recognition software in cases where it fears misuse and will never sell the technology for surveillance.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"We won't sell facial recognition services for the purposes of mass surveillance anywhere in the world,"

Microsoft has called for stronger regulation of facial recognition technology, which has been used in China to track ethnic minorities. Smith stopped short for calling for an outright ban on the technology, saying that Microsoft believes it has valid uses and has argued that governments should move faster to regulate it.

"It's hard to innovate if you can't use something, and it's hard to learn if you can't innovate," Smith said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.