A group of multinational companies, including Meta and Spotify, wrote an open letter warning EU technology regulations would stifle AI innovation and the bloc would not reap the technology’s economic benefits, The Wall Street Journal reports. “Europe has become less competitive and less innovative compared to other regions and it now risks falling further behind in the AI era due to inconsistent regulatory decision making,” the letter stated while containing calls for EU policymakers to harmonize digital regulations. Editor’s note: Explore the IAPP AI Governance Center and subscribe to the AI Governance Dashboard.Â
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