Microsoft president says tech must compromise, downplays metaverse 'hype'

President of Microsoft Brad Smith reacts during an interview with Reuters at the Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 3, 2021. REUTERS/Pedro Nunes

LISBON (Reuters) - The tech sector needs to compromise with regulators and take governments and people's concerns seriously, Microsoft president Brad Smith said in an interview on Wednesday.

"Tech is going to have to lean in...with real concrete ideas...even make concessions, so that we can all compromise and build a common platform that better protects people than ... the internet as a whole has in recent past," Smith told Reuters.