Mark Zuckerberg calls for consistent AI regulation in Europe
- A coalition of CEOs and researchers has urged for consistent AI regulation in Europe to enhance the sector's development.
- The letter highlights the challenges posed by conflicting data privacy regulations and the need for faster decisions from regulators.
- The call for regulatory reform aims to improve Europe's economic competitiveness and leverage the benefits of AI technology.
A group of CEOs and researchers, including leaders from major European companies, has called for more consistent AI regulation in Europe. They argue that the current fragmented approach to data privacy regulations is hindering the development and deployment of AI technologies. The letter emphasizes the need for faster and clearer decisions from data privacy regulators to facilitate the use of European data in AI training, which could benefit the region's economy. The letter comes amid concerns about Europe's sluggish economic growth and productivity, highlighted by a recent report from former European Central Bank president Mario Draghi. He suggested that the AI revolution presents an opportunity for Europe to improve its innovation and manufacturing capabilities. However, he warned that existing data storage and processing limitations pose significant challenges. Meta has faced scrutiny over its use of European data for AI training, with privacy activists claiming it lacks a legal basis under the General Data Protection Regulation (GDPR). This has led to a pause in its AI rollout in the EU and U.K., although it has resumed operations in the U.K. after making adjustments to user data opt-out options. Other companies, including X and LinkedIn, have also halted similar practices to comply with data protection laws. The ongoing debate highlights the need for harmonized regulations that can support AI development while addressing privacy concerns. The call for consistent regulation reflects a broader recognition of the importance of AI in enhancing Europe's competitiveness in the global market.