Vietnam’s new internet law, known as ‘Decree 147,’ came into effect Wednesday, requiring platforms like Facebook and TikTok to verify user identities and share data with authorities upon request. Critics view the move as a crackdown on freedom of expression, with activists warning it will stifle dissent and blur the lines between legal and illegal online activity. Under the rules, tech companies must store verified information alongside users’ names and dates of birth and remove government-designated “illegal” content within 24 hours.
The decree also impacts the booming social commerce sector by allowing only verified accounts to livestream. Additionally, it imposes restrictions on gaming for minors, limiting sessions to one hour and a maximum of 180 minutes daily. Vietnam, with over 65 million Facebook users and a growing gaming population, may see significant disruptions in online behaviour and businesses.
Critics liken the law to China’s tight internet controls. Activists and content creators have expressed fear of persecution, citing recent examples like the 12-year prison sentence for a YouTuber critical of the government. Despite the sweeping measures, some local businesses and gamers remain sceptical about enforcement, suggesting a wait-and-see approach to the decree’s real-world impact.
Apple has requested to participate in the US antitrust trial against Google, arguing it cannot trust Google to safeguard their shared revenue agreements. These agreements make Google the default search engine on Apple’s Safari browser, generating an estimated $20 billion for Apple in 2022. Despite this lucrative partnership, Apple confirmed it has no plans to develop its search engine, regardless of the trial’s outcome.
The Department of Justice’s case against Google is a pivotal effort to curb the tech giant’s dominance in online search. Prosecutors allege that Google’s practices stifle competition and may push for drastic measures such as divesting its Chrome browser or Android operating system. Apple, aiming to protect its financial interests, plans to present witnesses in the April trial.
While Google has proposed easing its default agreements with browser developers and device manufacturers, it has resisted ending its ad revenue-sharing deals. Apple criticised Google’s ability to represent its interests as the trial escalated into a broader challenge to Google’s business model. A Google spokesperson declined to comment on the case.
As Germany prepares for national elections on February 23, political parties are outlining their tech policy priorities, including digitalisation, AI, and platform regulation. Here’s where the leading parties stand as they finalise their programs ahead of the vote.
The centre-right CDU, currently leading in polls with 33%, proposes creating a dedicated Digital Ministry to streamline responsibilities under the Ministry of Transport. The party envisions broader use of AI and cloud technology in German industry while simplifying citizen interactions with authorities through digital accounts.
Outgoing Chancellor Olaf Scholz’s SPD, polling at 15%, focuses on reducing dependence on US and Chinese tech platforms by promoting European alternatives. The party also prioritises faster digitalisation of public administration and equitable rules for regulating AI and digital platforms, echoing EU-wide goals of tech sovereignty and security.
The Greens, with 14% support, highlight the role of AI in reducing administrative workloads amid labour shortages. They stress the need for greater interoperability across IT systems and call for an open-source strategy to modernise Germany’s digital infrastructure, warning that the country lags behind EU digitalisation targets.
The far-right AfD, projected to secure 17%, opposes EU platform regulations like the Digital Services Act and seeks to reverse Germany’s adoption of the NetzDG law. The party argues these measures infringe on free speech and calls for transparency in funding non-state actors and NGOs involved in shaping public opinion.
The parties’ contrasting visions set the stage for significant debates on the future of technology policy in Germany.
Google’s proposed adjustments to its search result formats, aimed at complying with the EU’s Digital Markets Act (DMA), have gained backing from Airlines for Europe, a major lobbying group representing airlines such as Air France KLM and Lufthansa. The DMA prohibits tech giants like Google from favouring their services in search results, with non-compliance risking fines of up to 10% of global annual turnover.
The airline group endorsed Google’s horizontal layout, featuring same-sized boxes for airlines and comparison sites, with a distinct blue colour for differentiation. However, they raised concerns over pricing consistency and criticised Google’s plan to use indicative dates rather than specific ones for flight bookings, arguing that this change could harm the consumer experience.
In response to ongoing disagreements with rivals, Google has signalled it may revert to its older “10 blue links” search result format if consensus cannot be reached on its current proposals. This highlights the challenges tech companies face in balancing regulatory compliance with the demands of diverse stakeholders.
Ceneo, a subsidiary of Polish e-commerce platform Allegro, has filed a lawsuit against Google and its parent company Alphabet, seeking 2.33 billion zlotys ($567.6 million) in damages. The lawsuit claims Google’s preference for its price comparison services in search results caused significant harm to Ceneo’s business.
Ceneo’s demands include 1.72 billion zlotys for losses incurred and an additional 615 million zlotys in interest from 2013 to November 2024. The company also plans to seek statutory interest from the filing date until damages are paid. The case is tied to the European Union’s $2.7 billion antitrust fine against Google for leveraging its dominance in search to disadvantage smaller rivals.
A Google spokesperson responded to the lawsuit, expressing disagreement and stating the company’s ‘Shopping remedy’ has been effective in supporting brands, retailers, and comparison sites across Europe. Meanwhile, broader efforts to curb Google’s dominance include a US Department of Justice recommendation for Google to divest its Chrome browser and abstain from re-entering the browser market for five years.
Venture funding in Europe may be headed for a flat year overall, but European AI startups are thriving, with AI companies receiving 25% of the region’s VC funding in 2024, totalling $13.7 billion. This marks a significant rise from 15% four years ago and has led to the creation of new unicorns like Poolside and Wayve. According to James Wise of Balderton Capital, breakthrough AI technology in Europe can now attract hundreds of millions, or even billions, of euros at the early stages, similar to the US.
The collective value of European AI companies has doubled in four years, reaching $508 billion, now making up nearly 15% of the region’s entire tech sector. While much of the funding still comes from outside Europe, especially the US, the local AI ecosystem is flourishing with a growing talent pool. In 2024, 349,000 people were employed by AI companies in Europe, a 168% increase since 2020, indicating a buoyant and increasingly productive sector.
Wise suggests that the rise of smaller, highly productive AI companies will be the future, with generative AI tools significantly boosting efficiency in various industries. This growing adoption of AI tools is likely to continue benefiting the European AI sector in the long run, even if the category becomes less distinct in the future.
Singapore has solidified its position as a leading hub for the cryptocurrency industry, granting 13 new licences in 2024, double the number issued the previous year. Major firms like OKX, Upbit, Anchorage, and BitGo have benefited from the city-state’s supportive regulatory environment, which encourages innovation and tokenisation projects.
Meanwhile, Hong Kong’s slower approach has hampered its competitiveness. Though the city has fully licensed seven platforms, including four in December, restrictive policies on asset custody and token listings have deterred some firms. Notable exchanges like OKX and Bybit have withdrawn their applications without explanation, highlighting the challenges posed by the region’s cautious framework.
Analysts point to China’s influence as a limiting factor for Hong Kong’s crypto ambitions. With crypto trading banned in mainland China, Hong Kong faces a unique risk profile. By contrast, Singapore’s forward-thinking regulations and welcoming environment have made it a preferred choice for firms seeking a secure, long-term base in Asia.
Apple is closing in on a historic $4 trillion market valuation, driven by investor enthusiasm over its advancements in artificial intelligence and hopes for a surge in iPhone upgrades. Shares have surged 16% since November, adding $500 billion to its market cap, and positioning Apple ahead of rivals Nvidia and Microsoft in the race to this milestone. Analysts attribute the rally to expectations of a new “supercycle” in iPhone sales fueled by AI enhancements, despite modest revenue growth projections for the holiday season.
Apple’s integration of AI tools like OpenAI’s ChatGPT across its devices and apps marks a strategic pivot in a market long dominated by Microsoft, Alphabet, and Meta. Although iPhone demand remains muted, analysts forecast a rebound in 2025, as AI-powered features and broader availability drive renewed interest. Meanwhile, Apple’s premium valuation—its price-to-earnings ratio recently hit a three-year high of 33.5—has sparked mixed reactions among investors, with Warren Buffett’s Berkshire Hathaway scaling back its holdings.
Despite challenges such as geopolitical risks and fluctuating market conditions, Apple’s approach to this milestone underscores its enduring dominance in the tech sector. Analysts and investors remain optimistic about the company’s ability to navigate near-term hurdles and leverage AI innovation to maintain its leadership in a competitive landscape.
The Biden administration has initiated a trade investigation targeting Chinese-made legacy semiconductors, which power everyday goods like cars and telecom equipment. This ‘Section 301’ probe aims to address concerns about China’s state-driven expansion in chip manufacturing, which US officials warn could harm American semiconductor producers. Departing President Joe Biden had already imposed a 50% tariff on Chinese semiconductors, set to take effect 1 January, while tightening export controls on advanced AI and memory chips.
Commerce Secretary Gina Raimondo revealed that Chinese legacy chips account for two-thirds of semiconductors in US products, with many companies unaware of their origin—a finding she called alarming, particularly for the defence industry. US Trade Representative Katherine Tai stated that China’s subsidised chip pricing threatens global competition, enabling rapid capacity growth and undercutting market-oriented producers.
China’s commerce ministry has criticised the probe, calling it protectionist and a potential disruptor to global supply chains. Meanwhile, a public hearing on the issue is scheduled for March, with the probe expected to conclude within a year. The investigation follows the COVID-19 pandemic’s impact on semiconductor supply chains, prompting the US efforts to bolster domestic chip production with $52.7 billion in subsidies.
As the Biden administration transitions to President-elect Donald Trump’s leadership in January, this probe may offer Trump an opportunity to escalate tariffs on Chinese imports, echoing the trade practices he implemented during his prior term. Critics, including the US tech industry, have urged officials to approach the investigation collaboratively to avoid further disruption.
As President-elect Donald Trump prepares to take office, the cryptocurrency industry is urging him to swiftly implement his promised overhaul of crypto policies through executive orders. Industry officials are pushing for measures such as creating a bitcoin stockpile, ensuring crypto firms have access to banking services, and establishing a crypto advisory council. They hope these actions will come within the first 100 days of Trump’s presidency, with some anticipating an order on his first day in office, January 20.
During his campaign, Trump positioned himself as a “crypto president” and promised to support the industry’s growth. In contrast to the regulatory crackdowns under President Joe Biden, which focused on concerns about crime and volatility in the sector, Trump’s team is aiming to reverse course, encouraging innovation and positioning the US as a global leader in cryptocurrency. His crypto policy team, including crypto-friendly figures like Securities and Exchange Commission chair Paul Atkins and White House crypto czar David Sacks, is already taking shape.
One of the most discussed proposals is the creation of a strategic Bitcoin reserve, a plan Trump first mentioned in July. Some in the industry, like the Bitcoin Policy Institute, have even drafted potential executive orders for this purpose, suggesting the Treasury Secretary could spend $21 billion over a year to amass the reserve. However, analysts are divided on whether this can be achieved via executive orders or will require congressional action.
Trump is also expected to address the ongoing challenges that crypto firms face in accessing banking services, as many institutions avoid working with them due to regulatory concerns. While an executive order could signal a shift in policy, some executives caution that it may not have the legal force to immediately change regulations, as federal banking authorities are independent.
