Twitter has withdrawn from the European Union’s Code of Practice on disinformation. However, the EU internal market commissioner has warned Twitter that it cannot hide from its legal obligations. As a large online platform, Twitter is required to comply with the EU’s Digital Services Act, which requires large platforms to assess and mitigate risks to civic discourse and electoral processes.
💻 Twitter has withdrawn from the EU’s Code of Practice on disinformation.
💰 Breaches of the Digital Services Act can attract penalties of up to 6% of global annual turnover.
🌐 Twitter’s withdrawal from the code may result in it losing access to a region with 440 million consumers.
👥 The Code committed Twitter to take steps to combat the spread of false information, including targeting ad revenue, tacking bots, and empowering researchers.
📅 The deadline for VLOPs’ compliance with obligations in the DSA is three months from now.
Tech titans expressed a willingness to be regulated — so long as it doesn’t interfere with their commercial ambitions. OpenAI CEO Sam Altman, warns that the EU’s proposed AI Act could lead OpenAI ultimately to pull its services from the bloc. The proposed copyright laws around AI training and publishing data summaries were also questioned.