Analysis: FTC launches technology office to keep up with Silicon Valley giants
The Federal Trade Commission on Friday is launching an Office of Technology to aid efforts to rein in the fast-moving tech sector, which has emerged as a major focus under Democratic ChairThe agency has long been dwarfed by Silicon Valley titans like Google and Apple, each staffed with thousands of engineers and technologists.
The announcement arrives at a critical juncture. Federal regulators are dialing up investigations into tech behemoths like Amazon and waging blockbuster legal battles against Microsoft and Facebook parent company Meta.While Nguyen declined to discuss specific probes or cases, she said the new technology office will work directly on both the agency’s investigative and enforcement efforts to “strengthen and support our attorneys” as they look to tackle alleged abuses across the economy.
But she said the team of technologists will be crucial to decoding the machinations of companies in Silicon Valley, whose opaque algorithms and sprawling businesses can pose challenges for regulators. “Already this small but very mighty agency is facing some of the biggest corporations of our time,” Nguyen said.
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