Nigeria to investigate tech firms over news content use

Regulation
โดย Reuters·Read original
Summary · why it matters

Nigerian President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content. The inquiry will examine complaints by Nigerian media groups against companies including Meta, Alphabet, X and generative AI platforms operating in Nigeria. The complaint was submitted by the Nigerian Press Organisation, which represents newspaper owners, journalists' unions, broadcasters and online publishers. The FCCPC said it would examine allegations of market dominance, anti-competitive conduct, unauthorised extraction or commercial use of copyrighted news and broadcast content, and the use of journalistic material to train generative AI models. The regulator stated the investigation does not presume wrongdoing and all affected parties will have an opportunity to present information before any conclusions are reached.

Impact on stocks 3

Artificial Intelligence▼ · 3 stocks
Alphabet Inc Class C
GOOG
▼ NegativeRegulationrelevance

Alphabet is named as a target of Nigeria's investigation into anti-competitive practices and unauthorized use of news content.

Meta Platforms Inc.
META
▼ NegativeRegulationrelevance

Meta is named as a target of Nigeria's investigation into anti-competitive practices and unauthorized use of news content.

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