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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLord Mayor of London: Brexit wasn't what we wanted but the city is doing 'quite well'Michael Mainelli, lord mayor of the city of London, discusses how the city is doing after Brexit and the "fundamental problem" of EU artificial intelligence legislation.
Persons: Michael Mainelli Locations: London
"We need much more European big players, and I think Mistral AI can be one of them," Macron said of France's leading AI company. Macron also praised H, the newly launched French AI startup that announced this week it had raised a massive $220 million from its initial round of financing. He compared allowing American tech giants to operate under U.S. regulations while in Europe, to allowing a French bank in the United States to ignore American banking regulations. When it comes to China, however, Macron implied that he thought some U.S. tech regulations had gone too far. "Look, I think China is a competitor when you speak about trade, innovation and economy.
Persons: Emmanuel Macron, Macron, CNBC's Andrew Ross Sorkin Organizations: France —, Microsoft, CNBC, European, EU Artificial Intelligence, European Union, Google, TikTok Locations: PARIS, France, France — Europe, China, United States, U.S, Paris, Mistral, Europe, Washington, Brussels
STOCKHOLM, June 30 (Reuters) - The proposed EU Artificial Intelligence legislation would jeopardise Europe's competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault (RENA.PA) to Meta (META.O). EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose AI-generated content, help distinguish so-called deep-fake images from real ones and ensure safeguards against illegal content. Since ChatGPT became popular, several open letters have been issued calling for regulation of AI and raising the "risk of extinction from AI." The third, Yann LeCun, who works at Meta, signed Friday's letter challenging the EU regulations. The letter warned that under the proposed EU rules technologies like generative AI would become heavily regulated and companies developing such systems would face high compliance costs and disproportionate liability risks.
Persons: ChatGPT, Elon Musk, Sam Altman, Geoffrey Hinton, Yoshua, Yann LeCun, OpenAI's Altman, Supantha Mukherjee, Jamie Freed Organizations: EU Artificial Intelligence, Renault, EU, Meta, Spanish, Thomson Locations: STOCKHOLM, French, Europe, Stockholm
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