#BLOOMBERG SPOTIFY AI FULL#

The principle criteria for being regulated as a VLOP/VLOSE is to have more than 45 million monthly active users in the EU. Users of VLOPS/VLOSE must also be provided with clear information on why they are recommended certain content and have the right to opt-out from recommendation systems based on profiling - applying pressure to ad-funded business models, such as Meta’s, which hinge on tracking and profiling web users.Įlsewhere, the regulation demands platforms have clear T&Cs - and enforce them diligently and non-arbitrarily. While marketplaces have some requirements to check the identity of sellers. The DSA also imposes some limits on microtargeted advertising - with a prohibition on processing sensitive data for ad targeting or the use of children’s information. Risks regulated VLOPs/VLOSEs must consider include AI-driven or algorithmic harms to fundamental rights like freedom of expression civic discourse and electoral processes public security and public health gender-based violence child safety and mental health. While penalties for non-compliance can scale up to 6% of global annual turnover. The EU’s idea is to use mandatory algorithmic transparency requirements to drive accountability - meaning regulated platforms won’t be able to turn a blind eye to AI-amplified harms as the law also requires they put in place “reasonable, proportionate and effective mitigation measures” for identified risks, with their reporting and mitigation plans subject to independent audit and oversight by the European Commission (with the support of a newly opened European Center for Algorithmic Transparency). (Actually, just two VLOSE are being designated at this point (Bing and Google Search) the other 17 are all VLOPs.)Ī VLOP or VLOSE designation carries extra requirements to assess and mitigate systemic risks attached to the use of algorithms and AIs, meaning the platforms must be proactive about analyzing and reporting potential issues related to the operation of technologies like content ranking tools and recommender systems. The listed platforms that have been confirmed meet the criteria as either very large online platforms (VLOPs) or very large online search engines (VLOSEs), in the regulation’s jargon.

#BLOOMBERG SPOTIFY AI FULL#

The full list of 19 platforms which are being designated in this first wave is as follows:

based for-profit firms, with a few international (mostly European) players in the mix, and one non-profit (the online encyclopedia Wikipedia). The lion’s share of regulated platforms are developed by U.S. The list is a mix of familiar digital services, from social media apps to search engines and app stores - with no real surprises. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.The European Union has confirmed the names of over a dozen platforms that will face the strictest level of regulation under its recently rebooted and expanded ecommerce rules, aka the Digital Services Act (DSA).

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Bloomberg spotify ai