UK regulators plan to investigate tech giants to boost competition and innovation in digital markets.

The UK's Competition and Markets Authority (CMA) plans to launch two investigations under new digital markets powers aimed at boosting innovation and competition in tech. The CMA will first designate firms with "Strategic Market Status" (SMS) for specific digital activities before investigating them. These investigations could lead to requirements that prevent tech giants from favoring their own services and make it easier for users to switch providers. The CMA expects to complete these investigations within nine months.

2 months ago
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