SYDNEY: Australia said it would establish the world's first dedicated office to police Facebook Inc and Google as part of reforms designed to rein in the U.S. technology giants, potentially setting a precedent for global lawmakers.
Frydenberg said the government intended to"lift the veil" on the closely guarded algorithms the firms use to collect and monetise users' data, and accepted the ACCC's"overriding conclusion that there is a need for reform". Facebook and Google said they would engage with the government during the consultation process, but had no comment on the specific recommendations.
Source: The AI Report (theaireport.net)
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