Apple's Tim Cook says Silicon Valley regulation is "inevitable"

Silicon Valley may have a lot of freedom to "go fast and break things," but the time of technology giants who had the freedom could soon be over.

According to Apple CEO Tim Cook, the regulation of the technology industry is now "inevitable".

Speaking in an interview with Axios on HBO aired Sunday night, the chief executive and head of the largest public company warned Silicon Valley.

"In general, I'm not a big fan of regulation," he said from his headquarters in Cupertino, California. "I firmly believe in the free market, but we have to admit that the free market does not work, and it has not worked here, and I think it's inevitable that there will be some level of regulation. "

This is the big question that Silicon Valley faces as tech giants such as Apple, Facebook and Google struggle against their role in shaping modern society. Whether it is to build the devices and services we use (and abuse) every day, to determine how we access information and even how we participate in democracy, the tech giants are no longer just able to function in a garage.

The tech giants themselves have been forced to count with their growing power. Apple has party at the front with the FBI about privacy in the era of terrorism, Google was forced to answer questions about its censored search engine for China and just last week, Facebook was once again gnawed by his answer to Russian interference on his platform during the 2016 US presidential election.

Cook addressed some of these issues in his interview, but did not innovate much.

Regarding the diversity in Silicon Valley, he believes "from the point of view of gender that the valley has failed" but that things are improving.

Regarding confidentiality, Cook said that the industry should not consider the problem as follows: "confidentiality vs profits or innovation vs. technique." This is a false choice.What we did, c & n Your device has incredible intelligence about you, but I do not have it as a company. "

Regarding the problem of smartphone addiction, Cook admits that he is still stuck on his phone for "several hours" a day, but he's watching his phones less over the years.

And if technology is a power for good or for bad? Everything is in the eye of the beholder.

"The technology is good or bad, according to the creator," said Cook. "Often it is not that the Creator has undertaken to do evil, it is that there was no anticipation of those negative things for which it could be used."

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