Microsoft founder Bill Gates thinks big tech companies should be regulated

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Of lately, regulating the big tech has become a subject of raging debate among the law makers and the tech community. While some like Apple CEO Tim Cook have called for strong regulations in the field of technology, there are others who have opposed this idea. And no joining the league of people who believe that big tech companies need to be regulated is Microsoft co-founder Bill Gates.

Gates was speaking at the Economic Club of Washington, DC where he called for strong regulations for big tech companies. “Technology has become so central that governments have to think: What does that mean about elections? What does that mean about bullying? What does it mean about wiretapping authorities that let you find out what’s going on financially or drug money laundering, things like that,” Gates said on Monday as reported by CNN.

“So, yes, the government needs to get involved,” Microsoft founder added.

Talking about the issue of data privacy, the billionaire philanthropist said that the privacy concerns would lead to stronger regulations in the field. “There will be more regulation of the tech sector,” he said.

Interestingly, earlier this week the Microsoft founder also revealed one of the biggest regrets in his life. Gates in a statement to Eventbrite founder and CEO Julia Hartz at an event hosted for the founders of by the venture capital firm Village Global said that Microsoft losing to Android and capturing practically all non-iPhone market was his biggest regret ever.

“You know, in the software world, in particular for platforms, these are winner-take-all markets. So, you know, the greatest mistake ever is the whatever mismanagement I engaged in that caused Microsoft not to be what Android is, [meaning] Android is the standard non-Apple phone form platform. That was a natural thing for Microsoft to win,” Gates said in a statement earlier this week as reported by TechCrunch.

In addition to this, Gates also talked about needing the right people in the beginning to make a company successful. “…it is nice if during those first several years, you have a team that has chosen to be pretty maniacal about the company, and how far that goes, you should have a mutual understanding, so you’re not one person expecting one thing, and another person expecting another thing,” he added.