EU Looks to Algorithms to Identify Anti-Competitive Acts

European Competition Commissioner Margrethe Vestager said last Friday that the EU is planning to set up its own algorithms to identify anti-competitive acts such as software that fix prices to unfairly squeeze competitors.

Vestager said that policy enforcers are uneasy about tools such as algorithms that a lot of tech companies use to collude without needing a formal agreement of human interaction. Similar algorithms, such as those that tracked competitor prices, had been identified in the  European Commission’s inquiry into e-commerce last year,

Vestager also revealed that she had already commissioned a study into the issue.

Source: Reuters