The €2.4B fine on Google handed down by the European Commission stemmed originally from complaints by shopping-comparison sites that changes in Google Shopping that the company introduced in 2008 had amounted to an abuse of its dominance in search. But 2008 was a long time ago in this racket, and shopping-comparison sites have become relatively small beer because Internet users researching possible purchases don’t start with a search engine any more. (Many of them start with Amazon, for example.)
This is deployed (by the Internet giants) as an argument for the futility of trying to regulate behaviour by dominant firms: the legal process of investigation takes so long that the eventual ruling is so out of date as to be meaningless.
This is a convenient argument, but the conclusion isn’t that we shouldn’t regulate these monsters. Nevertheless it is interesting to see how the product search scene has changed over time, as this chart shows.
The obvious solution to the time-lag problem is — as the Financial Times reported on January 3 — for regulators to have “powers to impose so-called “interim measures” that would order companies to stop suspected anti-competitive behaviour before a formal finding of wrongdoing had been reached.” At the moment the European Commission does have powers to impose such measures, but only if it can prove that a company is causing “irrevocable harm” — a pretty high threshold. The solution: lower the threshold.
Interesting take on the tete-a-tete from Masha Gessen, who knows more about Putin than is good for anyone:
Mr. Putin has for years — 17 years, to be exact, for this is how long he has been in power — been clear about what he wanted from his relationship with the United States president: He wants to be treated as an equal partner on the world stage and not to be questioned about or pressed on the Russian government’s actions inside Russia or in what he considers his sphere of influence. Despite the friendly tenor of Mr. Putin’s relationship with George W. Bush and the offer of a “reset” made by Barack Obama’s administration, Mr. Putin never achieved his objective — until now. His fourth American president has given him exactly what he wanted: respect, camaraderie and freedom from criticism.
The one accomplishment of the meeting — a limited cease-fire in Syria — is exactly what Mr. Putin wanted. Not the cease-fire, that is: He wanted an acknowledgment that the United States and Russia are equal negotiating parties in the Syrian conflict. He spent years cajoling and then blackmailing the Obama administration into accepting Russia’s decisive role in the Middle East. Now, Mr. Trump has handed him much more than that. He has demonstrated that Russia and the United States can negotiate Syrian life and death without involving any Syrians.
This morning’s Observer column:
In July 2015, consultants working at the Royal Free hospital trust in London approached DeepMind, a Google-owned artificial intelligence firm that had no previous experience in healthcare, about developing software based on patient data from the trust. Four months later, the health records of 1.6 million identifiable patients were transferred to servers contracted by Google to process the data on behalf of DeepMind. The basic idea was that the company would create an app, called Streams, to help clinicians manage acute kidney injury (AKI), a serious disease that is linked to 40,000 deaths a year in the UK.
The first most people knew about this exciting new partnership was when DeepMind announced the launch of DeepMind Health on 24 February 2016…