Apple CEO Tim Cook says regulations in Silicon Valley are inevitable
India TodayAt a time when tech firms in the Silicon Valley, particularly the social media firms, are grappling the possibility of regulations by the government, Apple chief executive officer Tim Cook has predicted that regulations in the industry are inevitable. In an interview with the Axios, the Apple CEO said that though he is not a 'big fan' of regulations, however, he believes that the free market policy hasn't worked so far and so, the government is bound to enforce some form of regulations in the Silicon Valley. Then again, while addressing the audience in Brussels on the sidelines of the annual International Conference of Data Protection and Privacy Commissioners, Cook called out to have a comprehensive federal law similar to the General Data Protection Regulation in the European Union in the United States. During his keynote at Brussels, the Apple CEO, besides talking about the need for regulations had also launched a scathing attack on the tech firms calling the companies that do not inform users about the data that they collect a 'sham'.
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