In the morning of May 26 Beijing time, it is reported that Google CEO Sundar Pichai said in an interview with the media on Tuesday local time that with the intensification of recession concerns, macroeconomic factors "will affect the technology industry"** He also said the company would speed up its response to increasingly stringent Internet regulatory policies around the world. This shows that technology giants are at an important turning point.
Pichai made the remarks at the Google I / O developer conference. Google and other US technology companies continued to grow during the spread of the COVID-19. But this year, the interruption of the supply chain has cast a shadow on their business, and their share prices have also fallen sharply.
The share price of Google's parent company alpha has fallen more than 20% this year. Technology stocks dominated NASDAQ The composite index has fallen nearly 30% this year, reflecting the malaise of the whole technology industry.
Pichai also pointed out that the conflict between Russia and Ukraine and the tightening of monetary policy around the world also raised concerns. "The economy is cyclical, and the cyclical fluctuations in the science and technology industry are more intense." He pointed out that political and economic instability will have an impact on the technology industry. As the business environment deteriorates, Netflix Announcing layoffs, Facebook Parent company meta also disclosed plans to cut investment.
But Pichai said that technology has created "real value" for the economy, while emphasizing that the long-term role of technology has not changed. In April this year, Google announced that it would recruit 12000 employees in the United States this year, an increase of about 20% over last year. He said the company would continue to recruit and invest "in the long term".
Even if the economic environment deteriorates, regulators around the world have increased their scrutiny of technology giants, including the European Union's digital Markets Act. Pichai said that with the maturity of the Internet, "all countries are thinking about the right way of digital regulation. They want to protect citizens and ensure that the rules are implemented." Google is considering adjusting some products according to new regulations, including new regulations for Smartphone app stores.
"We all see benefits from the free, open and interoperable Internet." "Because the way we regulate the Internet is too complex," PIY said He added that he would shout out when necessary.
Google opposes a U.S. law under consideration, the competition and transparency in digital advertising act, which will force large online advertising companies to divest their assets.
Another concern is the accelerated fragmentation of the Internet. "Countries must think about how best to protect the rights and interests of their citizens." "But equally important is that integrating into the global economy [through the Internet] will also benefit countries greatly," he said
"I hope we can reach a stronger agreement on the bilateral and multilateral transfer of these data with the EU in March. But I hope we can take a more constructive attitude with the EU as a person."