Apple’s Tim Cook says regulation of Silicon Valley is ‘inevitable’

apple-ipad-chicago-tim-cook-9428

Apple CEO Tim Cook.


James Martin/CNET

Silicon Valley might have had plenty of freedom to “move fast and break things,” but the days of tech giants getting a free rein could soon be over.

That’s according to Apple CEO Tim Cook, who says regulation of the tech industry is now “inevitable.”

Speaking in an interview with Axios on HBO aired on Sunday night, the chief executive and head of the biggest public company had a word of warning for Silicon Valley.

“Generally speaking I am not a big fan of regulation,” he said from the company’s headquarters in Cupertino, California. “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. And I think it’s inevitable that there will be some level of regulation.”

It’s the big question facing Silicon Valley as tech giants such as Apple, Facebook and Google wrestle with their role in shaping modern society. From building the devices and services we use (and overuse) every day, to determining how we access news and even how we engage with democracy — the tech giants are no longer just upstarts operating out of a garage.

The tech giants themselves have been forced to reckon with their growing power. Apple has gone toe-to-toe with the FBI over privacy in the age of terrorism, Google has been forced to answer questions about its reported censored search engine for China and in just the past week, Facebook has once again been lambasted over its response to Russian meddling on its platform during the 2016 US presidential election.

Cook touched on some of these questions in his interview, albeit without breaking much new ground.

On diversity in Silicon Valley, he believes “from a gender point of view that the Valley has missed it” but that things are improving.

On privacy, Cook said the industry shouldn’t see the issue as “privacy vs. profits or privacy vs. technical innovation. That’s a false choice. What we’ve done is your device has incredible intelligence about you but I don’t have to have all of that as a company.”

On the issue of smartphone addiction, Cook admits he is still glued to his phone for “several hours” a day, but looking at his trends over time he’s picking up his phone less.

And whether tech is a power for good or evil? It’s all in the eye of the beholder.

“Technology is good or evil as you put it depending upon the creator,” Cook said. “Many times it’s not that the Creator set out to do evil. It’s that there wasn’t an anticipation of these negative things that it could be used for.”

CNET’s Holiday Gift Guide: The place to find the best tech gifts for 2018.

Best Black Friday 2018 deals: The best discounts we’ve found so far.

Source link

more recommended stories

  • South Korea orders further arrests at Samsung Electronics over accounting scandal

    FILE PHOTO: The logo of Samsung.

  • OECD members, including U.S., back guiding principles to make AI safer

    PARIS (Reuters) – The evolution of.

  • NASA chooses technology firm Maxar for lunar platform project

    FILE PHOTO: Tourists take pictures of.

  • China calls out U.S. ‘wrong actions’ as Huawei ban rattles supply chains

    BEIJING (Reuters) – China said the.

  • U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment

    WASHINGTON (Reuters) – A bipartisan group.

  • Allianz leads C$100 million funding round for fintech Wealthsimple

    LONDON (Reuters) – German insurer and.

  • U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT

    (Reuters) – The U.S. administration is.

  • U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

    SHANGHAI/NEW YORK (Reuters) – The United.

  • Self-driving trucks begin mail delivery test for U.S. Postal Service

    (Reuters) – The U.S. Postal Service.

  • Retailer Amazon nears victory in rainforest battle over domain name

    FILE PHOTO: Staff chat at the.

  • Infineon suspends shipments to Huawei: Nikkei

    FILE PHOTO: A close-up of the.

  • U.S. intellectual property complaints a ‘political tool’: China state media

    SHANGHAI (Reuters) – Chinese state media.

  • Exclusive: Google suspends some business with Huawei after Trump blacklist – source

    FILE PHOTO: Visitors walk past Huawei’s.

  • Huawei founder says growth 'may slow, but only slightly' after U.S. restrictions

    Huawei Technologies’ founder and chief executive.

  • Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

    (Reuters) – The U.S. Commerce Department.

  • German finance minister expects OECD deal on digital tax in 2020

    Finance Minister Olaf Scholz addresses a.

  • Lyft is sued by investors over IPO

    FILE PHOTO: The Lyft logo is.

  • GMC trucks to deploy adaptive cruise control system

    The GMC logo is seen on.

  • Baidu swings to net loss for first time since listing, shares fall

    (Reuters) – Chinese search engine operator.

  • Huawei ban clouds U.S.-China trade talks, tech sector

    WASHINGTON/BEIJING (Reuters) – A U.S. bid.

  • Tesla to update battery software following car fires

    (Reuters) – Tesla Inc will update.

  • SpaceX to launch first satellites for Musk’s Starlink internet service

    CAPE CANAVERAL, Fla. (Reuters) – Elon.

  • FCC ready to let phone companies use tools to block robocalls

    WASHINGTON (Reuters) – U.S. Federal Communications.

  • Facebook restricts Live feature, citing New Zealand shooting

    SAN FRANCISCO (Reuters) – Facebook Inc.

  • FCC to take ‘fresh look’ at opening key 5.9 GHz spectrum band

    WASHINGTON (Reuters) – The U.S. Federal.

  • Huawei is not controlled by China, executive says

    FILE PHOTO: The Huawei logo is.

  • Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

    (Reuters) – The former chief financial.

  • Exclusive: Amazon rolls out machines that pack orders and replace jobs

    SAN FRANCISCO (Reuters) – Amazon.com Inc.

  • U.S. presidential contender Kamala Harris favors look at breaking up Facebook

    WASHINGTON (Reuters) – Democratic presidential candidate.

  • Now you can explore a cave without actually going into a cave

    CHYNOVSKA JESKYNE, Czech Republic (Reuters) –.

  • U.S. says Huawei lawyer’s prior work at Justice Department poses conflicts

    (Reuters) – Huawei Technologies Co Ltd.

  • U.S. investor awarded $75 million in cryptocurrency crime case

    NEW YORK (Reuters) – U.S. entrepreneur.