Stockholm – The Managers of American Technology Giants Google and Target He said that the European Artificial Intelligence Industry retains excessive regulation, adding the rhetoric of the administration of Donald Trump to make the strict technological rules of the region of choking innovation.
Speaking at Techren Technology in Stockholm, Sweden, public policies on Google and Meta used the stage as a platform to express concern about strict approach to a block for control of technologies such as AI and machine learning.
“I think there is a wide consensus now that European regulation around technology has its problems, and sometimes it is too fragmented, like GDPR [General Data Protection Regulation]Sometimes it goes too far, like ACT, “Chris Yiu, a target director of public policy, told the audience of the founder of technology and investor in Techeren on Thursday.
“But the net result of all this is that the products are delayed or watered, and European citizens and consumers suffer,” he said.
Yiu pulled a couple of recently launched glasses with Mark Ray-Ban, which use AI to translate speech from one language to another or describe pictures for visually impaired.
“This is a deep and very human application of technology, and it is slow to arrive in Europe because of the questions we have about regulation,” Yiu said.
In November, the Meta began to develop AI features for its meta-banks in some European countries, after a delay, a company that argued that it was caused by the need to achieve compliance with the European “complex regulatory system”.
The target has previously expressed concern about its ability to comply with the AI Law, a significant law of the EU, which establishes a legal and regulatory framework for technology, marking “unpredictable” implementation was a fundamental issue.
The company also said that the GDPR – the EU data privacy framework was introduced in 2018 – held its glasses in EU countries due to problems that surround the target of the use of Instagram data and Facebook users to train its AI models.
Dorothy Chou, the head of Google Deepmind’s public policy, said that a key problem with the European approach to regulation of artificial intelligence technology was that AI Law was designed before Chatgpt had left at all.
The Law of AI was first introduced by the European Commission, the EU Executive body, in April 2021 Openi launched Chatgpt in November 2022.
“There is a way to use a policy to create a better investment environment when it is done in a way that promotes business,” he said, referring to the US Law on Reducing Inflation as an example of a policy that has led to benefit, such as electric vehicles subsidies.
“I think it’s hard to regulate a time scale that doesn’t match technology,” Chou added. “I think what we need to do is regulate to ensure that there is a responsible application of technology, and at the same time ensures that the industry succeeds in every way.”
Great technology ascent ante
Large technological companies generally increase their rhetoric against EU’s technological regulation and Enlargement of effort to lobby In an attempt to soften the aspects of the AI Law.
Kent Walker, Google’s president of global affairs, said Politico last month that the EU’s Code of Practice for AI (GPAI) models (GPAI)-which refers to systems such as OPENAI GPT families of large language models or LLMS-a-Babi is “step into the wrong direction.”
EU AI OFFICE, a newly created body by monitoring the models under AI Law, published in December the second draft of the Practice Code for GPAI systems.
Earlier this month, the newly appointed Chief Global Affairs Officer, Meta Joel Kaplan, suggested in an interview that is alive at an event in Brussels that the technological giant will not apply to the codex in its current form.
The rules, as he said, go beyond “outside the request of” AI AI Law and imposing “impracticable and technically impracticable requirements.”
Molbe Tech Giants for Softer EU EU EU EUOLOGICAL REGULATION was strengthened by the late new management of President Donald Trump.
At an international Action Summit in Paris last week, US V
EU rules for Startaps
Big Tech was not alone in calling to a simplified regulatory regimen for technological companies operating in Europe.
Several risk capitalists investing in European technological startups also rejected complex loads of compliance with regulations to their portfolio companies.
Antoine Moyroud, a partner at Lightspeed Venture Partners, said they were now pushed by initiatives forward like 500 billion dollars of investment in investment It affects the “hope” message around AI -A, “the European narrative is usually more” more dramatic “.
The region must start thinking “outside the GDPR, outside the EU AI ACT” and create stories of technological success for people “excited” about technology promises.
Lightspeed are investors in French AI Unicorn Mistral, which is often advertised as a key European competitor for the Openi.
Last year, technological entrepreneurs in the region suggested a new initiative to resolve fragmented market regulations in a 27-member block Establishing the so -called “28. These proposed legal frameworks within the EU offer companies with an alternative to their own national rules of Member States, instead of replacing them.
For example, there is a Statute of the European Company within the 28th regime that simplifies the installation of public companies with limited liability in the EU.
Executive director of Stripe Patrick Collison and co -founder of Wise Taavet Hinrikus among the founders of the startup who wanted to set up a new entity within the 28th regime, called “EU Inc.”
“Europe is a fragmented place and what you want to do is [to] Being able to get a job in any country, “said Luke Pappas, a partner for the VEA NO from London based in London, for CNBC in an interview with Techeren.
The key question of attracting talent in this way, according to Pappas, is that “the process of giving capital of the cross -border border in Europe is not very simple.”
“If we can standardize capital, for example, it will help dramatically,” he added.
