By Heather Clancy
October 6, 2015

The 15-year-old “Safe Harbor” agreement that made it possible for the likes of Amazon, Apple, Facebook, and Google to transfer information seamlessly between the United States and Europe is officially invalid.

The ruling isn’t a surprise, and there are stop-gap measures in place. But it’s another sign of how differently U.S. and European citizens view data privacy.

“This is extremely bad news for E.U.-U.S. trade,” London lawyer Richard Cumbley told the New York Times. “Thousands of U.S. businesses rely on the Safe Harbor as a means of moving information. Without Safe Harbor, they will be scrambling to put replacement measures in place.”

As if that weren’t enough for the tech industry to worry about, multinational technology companies are bracing for higher bills as European regulators race to eliminate traditional havens. New rules issued Monday by the Organization for Economic Cooperation and Development could become law in November.

Also making headlines: Amazon Web Services has been awfully quiet about its Internet of things aspirations. That’s about to change. Plus, IBM is officially dedicating an entire business unit to artificial intelligence services. Enjoy your autumn Tuesday!

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