By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says
Stocks

EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says

News Room
Last updated: 2023/05/24 at 1:03 PM
By News Room
Share
2 Min Read
SHARE
2/2

© Reuters. FILE PHOTO: Google logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic

2/2

By Foo Yun Chee

BRUSSELS (Reuters) -Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies ahead of rules to govern the technology, EU industry chief Thierry Breton said on Wednesday.

Breton earlier met Sundar Pichai, CEO of Google and its parent company Alphabet (NASDAQ:), in Brussels.

“Sundar and I agreed that we cannot afford to wait until AI regulation actually becomes applicable, and to work together with all AI developers to already develop an AI pact on a voluntary basis ahead of the legal deadline,” Breton said in a statement after the meeting.

He also urged EU countries and EU lawmakers to finalise details of the Commission’s proposed AI rules before the end of the year. Both groups have yet to start negotiations to iron out their differences.

Concern is mounting about fast-developing AI’s potential to upend the way society and businesses operate. Governments are scrambling to find a way to rein in negative consequences without losing the benefits, or stifling innovation.

EU Commissioner for Competition Margrethe Vestager, who also met Pichai, underlined the need to act together.

“We need the AI Act as soon as possible. But AI technology evolves at extreme speed. So we need voluntary agreement on universal rules for AI now,” she said in a tweet.

The European Union and the United States plan to step up cooperation on artificial intelligence to establish minimum standards before legislation enters force, Vestager said on Tuesday.

Read the full article here

News Room May 24, 2023 May 24, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Tesla lurches into the Musk robotics era

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Donald Trump’s ‘beautiful armada’ underlines US threat to Iran

The USS Abraham Lincoln, one of the US’s 11 aircraft carriers, entered…

Keir Starmer meets Xi Jinping in bid to revive strained UK-China ties

Stay informed with free updatesSimply sign up to the Chinese politics &…

Nvidia and AMD takeaways from CES and the next stage of AI

Watch full video on YouTube

Can Trump fire Fed Governor Lisa Cook?

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?