Microsoft President Wants More Tech Regulation, Urgency From Government

Governments should quicken their pace to increase tech regulation, Microsoft President Brad Smith said during an interview with C-SPAN's The Communicators, to have been televised this weekend. A strong federal privacy law is vital, but a global solution is best, he said, noting Microsoft is “pretty enthusiastic” about EU’s general data protection regulation. “Digital technology has gone longer with less regulation than almost any technology since the middle of the 1800s,” he said. “The market, consumers and even the industry itself would be better served for the long term with a different balance.” He noted the importance of data centers and Ireland, which he said is to data what Switzerland is to money. Ireland is a safe place with mild temperatures for data centers and a network of laws for protecting privacy and moving data, he said, noting about 35 percent of European data is stored in Ireland. Microsoft has more than 100 data centers in 20 countries, he said. It’s becoming the largest consumer of electricity in the world, the executive said. The weaponization of data starts with hacking by political states waging disinformation campaigns, Smith said, noting Microsoft spends $1 billion yearly on security.