Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

New tech regulation ‘inevitable,’ Apple CEO says

Apple CEO Tim Cook anticipates further regulation of the tech industry © AFP/File / TIMOTHY A. CLARY

Washington, United States, Nov 19 – Apple CEO Tim Cook predicts that new regulations of tech companies and social networks to protect personal data are “inevitable.”

In an interview with news website Axios being broadcast Sunday on HBO television, Cook said he expected the US Congress would take up the matter.

“Generally speaking, I am not a big fan of regulation,” Cook said in an excerpt released by Axios. “I’m a big believer in the free market. But we have to admit when the free market is not working. And it hasn’t worked here. I think it’s inevitable that there will be some level of regulation.

“I think the Congress and the administration at some point will pass something.”

Cook has previously been a proponent of self-regulation, especially as concerns user data protection.

But following the scandal that saw data consultancy Cambridge Analytica obtain data from millions of Facebook users, Cook said the industry was now “beyond” the scope of self-regulation.

Facebook has been trying to fend off concerns about how well it protects user data and defends against use of the site to spread misinformation aimed at swaying elections.

Controversies that have battered Facebook since the 2016 presidential election in the United States have raised questions over whether co-founder Mark Zuckerberg should keep his post as chief executive.

Turning to gender inequality in the workplace, Cook said the tech industry has generally been strong in diversity, even though a male-dominated culture prevails.

“I agree 100 percent from a gender point of view that the (Silicon) Valley has missed it, and tech in general has missed it,” he said.

Advertisement. Scroll to continue reading.

However, Cook added, “I’m actually encouraged at this point that there will be a more marked improvement over time.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...