Digital transformation minister Óscar López says ‘the profit of four tech companies cannot come at the expense of the rights of millions’ as Madrid’s regulatory package moves through parliament. Spain’s digital transformation minister, Óscar López, said on Wednesday that Madrid would press ahead with a slate of rules targeting social media platforms and high-risk artificial intelligence systems, despite what he described as intensifying lobbying from American technology companies. “The profit of four tech companies cannot come at the expense of the rights of millions,” López told reporters, citing pressure from “powerful voices” against proposals that would constrain high-risk AI and force platforms to disclose how their recommendation algorithms work. The push has been gathering for months.…