HomeLatest NewsIndustryAmid global scrutiny, US Perz Biden looks to ease pressure from BigTech companies, plans to slash internet prices

Amid global scrutiny, US Perz Biden looks to ease pressure from BigTech companies, plans to slash internet prices

The move is seen as a major step to not just boost digital connectivity across US but also secure better business opportunities for the US BigTech at home.

Preferred Source of Google

Amid growing scrutiny for the US BigTech majors, US President ‘s administration has announced to secure commitments from 20 internet providers including Verizon, , and to cut prices or increase internet speeds for millions of US families.

The move is seen as a major step to not just boost digital connectivity across the US but also secure better business opportunities for the US companies at home. According to the latest reports, President Biden and Vice President will unveil the agreements later today with executives from companies that provide internet services.

The commitments are part of the Affordable Connectivity Program (ACP), which is an aspect of the infrastructure law passed with support from Republicans and Democrats last year. It helps eligible American families reduce their internet bills by as much as $30 a year, the White House said.

Advertisement
Infosec Reimagined
Infosec Reimagined
Infosec Reimagined is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Register Now →
Digital Senate
Digital Senate
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
Register Now →
National DefTech Summit
National DefTech Summit
An annual gathering of defence technology professionals from government, public sector, enterprises and startups.
Register Now →

With the new commitments, tens of millions of households that are eligible for the ACP will receive internet service free of charge. Households with low incomes can qualify for the program. Receiving federal assistance through other programs, such as food subsidies or the Medicaid low-income health insurance programs, also makes a household eligible.

A senior administration official told reporters on a conference call that the companies had made the commitments voluntarily.

NEWSLETTERThe Daily BriefingThe day's top enterprise technology stories, curated by our editors. Monday to Friday.

Free. One-click unsubscribe anytime. We never share your email.

Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
Advertisement
- Advertisement -
- Advertisement -

Indian firms see AI returns rise as cyber readiness drops: Kyndryl survey

Indian organisations report higher AI returns but declining cyber readiness, according to Kyndryl's survey of 3,700 business leaders. The gap between AI ambitions and operational capabilities continues to widen.

RELATED ARTICLES