EU to Impose New Election Safeguards and Fines on Big Tech, Including TikTok and X

The European Union is set to impose new regulations on major technology companies, focusing on election safeguards and data privacy, particularly in relation to artificial intelligence. The regulations will scrutinize US-based social media platforms, including TikTok and X (formerly Twitter), for their data privacy practices and safeguards against AI. These companies will be subject to fines under the new EU safeguards, as reported by the Financial Times (FT). The EU Commission's rules are expected to be adopted as soon as next week, targeting platforms over lax election AI content moderation.