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☆ EU's industry chief defends data rules criticised by Big Tech
▼ + stars: | 2023-06-23 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 23 (Reuters) - European Union industry chief Thierry Breton on Thursday defended draft rules aimed at preventing non-EU governments from gaining illegal access to EU data, saying they were not protectionist. The draft Data Act, which Breton proposed early last year, is in the final stage of negotiations between the European Commission, EU countries and EU lawmakers. "Our European data strategy is to unlock a wealth of big data and set out how that data should be shared, stored and processed. Big U.S. tech companies have said the Data Act could impede international data transfer, and European companies have also criticised it. He will seek to persuade them to sign up to his AI Pact that aims to get companies to implement EU AI rules ahead of their enforcement in two years' time.

Persons: Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, Jensen Huang, Sam Altman, Foo Yun Chee, Barbara Lewis Organizations: Union, European Commission, EU, Big U.S, Siemens, SAP, Twitter, Meta, Nvidia, Singapore, Thomson Locations: BRUSSELS, San Francisco, Asia, Europe

☆ Ogier leads Kenya's Safari Rally as Neuville retires
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

[1/4] Rallying - World Rally Championship - Safari Rally Kenya, Nairobi, Kenya - June 23, 2022 - A helicopter follows French Toyota driver Sebastien Ogier and co-driver Benjamin Veillas in action during side-by-side super special racing stage at Kasarani. REUTERS/Monicah MwangiJune 23 (Reuters) - Toyota's Sebastien Ogier led after the first leg of Kenya's Safari Rally on Friday while Hyundai's title contender Thierry Neuville smashed his car's suspension and retired from the day's action. Eight times world champion Ogier, who is competing part-time this season, was 22.8 seconds clear of team mate and 2022 winner Kalle Rovanpera after the day's six stages over rutted, rocky and sandy tracks. Except for the hybrid issue this morning we had a perfect day, so we can be happy," said the Frenchman, who had been only 2.5 seconds clear of Rovanpera at midday service in Naivasha. The rally, celebrating its 70th anniversary, started with a stage in Nairobi on Thursday.

Persons: Sebastien Ogier, Benjamin Veillas, Monicah, Toyota's Sebastien Ogier, Thierry Neuville, Ogier, Kalle Rovanpera, It's, Frenchman, Elfyn Evans, Neuville, Hyundai's Dani Sordo, Alan Baldwin, Toby Davis Organizations: Safari, Toyota, REUTERS, Belgian, Rovanpera, Thomson Locations: Kenya, Nairobi, Kasarani, Naivasha, Belgian Neuville, Sardinia, Neuville, Lake Naivasha, London

☆ Remember when Paris Hilton channeled ‘Barbiecore’ to a Britney Spears’ 2001 concert?
▼ + stars: | 2023-06-22 | by ( Faye Bradley | ) edition.cnn.com time to read: +5 min

And in November 2001, the hotel heiress made a fashion statement that etched itself in the annals of noughties style. To top it off, she wore a tiara, applied a glossy pink lip and pink eyeshadow and clutched onto a furry Barbie-branded handbag. At just 20 years old, Paris Hilton — pictured here with Nicole Richie as the pair attended a Britney Spears concert in Las Vegas — was already being dubbed a culture-defining noughties "It Girl." In a playful mauve take on the label's classic tweed separates, Naomi Campbell walks the runway during Chanel's Spring-Summer 1994 show. Paris Hilton walks the runway during Versace's Spring-Summer 2023 show on September 23, 2022 in Milan.

Persons: CNN —, Paris Hilton, Greta Gerwig, Margot Robbie, July’s, Barbie, Hilton, bestie Nicole Richie —, Britney Spears, Nicole Richie, Las Vegas —, ”, —, Paris, Oscar de la, Christian Dior, Ralph Lauren, Barbiecore, supermodels Naomi Campbell, Claudia Schiffer, Carla Bruni, Naomi Campbell, Michel Arnaud, Corbis, Thierry Mugler’s, Herve Leger, Cindy Crawford, Karen Mulder, Eva Herzigova, Moschinos’s, Mattel’s plaything, Vittorio Zunino Celotto, Barbie dreamhouse, Mary Jane heels, She’s Organizations: CNN, Paris, New, Hollywood Locations: ”, Las Vegas, Paris, New York, Los Angeles, tweed, Couture, Milan, Bahamas

☆ Airbus fills more than 7,000 of 13,000 positions targeted in 2023
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 21 (Reuters) - Airbus (AIR.PA) has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding back plans to ramp up aircraft production needed to meet soaring travel demand. Airbus said it had filled more than 7,000 positions so far. Of the 7,000-plus hires, 29% are aged 28 or below, a trend that Baril expects will continue through year’s end, he told Reuters in an interview. Reporting by Allison Lampert Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: planemaker, Thierry Baril, “, ”, Allison Lampert, Mark Potter Organizations: Airbus, Paris Airshow, Reuters, Thomson

☆ Police and protesters injured in clashes at French-Italian tunnel site
▼ + stars: | 2023-06-18 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +2 min

Paris CNN —A dozen police officers and several protesters were injured Saturday in clashes at the construction site of an Alpine railway tunnel connecting France and Italy. Around 2,000 police were mobilized to the site to face more than 3,000 people protesting the 57-kilometer tunnel project that will connect the French city of Lyon with Turin in Italy upon completion, France’s Interior Minister Gérald Darmanin said. Thierry Guillot/Maxppp/Zuma PressAuthorities in the department of Savoie had issued a ban on demonstrations on public roads near construction site. “Can we just take a moment to wonder why these radical ecologists are against the train,” Houlié told Franceinfo on Sunday. Far-left leader Jean-Luc Mélenchon rejected some protesters being called “eco-terrorists” in an interview with CNN affiliate BFMTV Sunday.

Persons: Paris CNN —, Gérald Darmanin, Thierry Guillot, Maxppp, ” Sacha Houlié, ” Houlié, Franceinfo, Jean, Luc Mélenchon, ” Mélenchon, France Unbowed Organizations: Paris CNN, France’s, Zuma Press Authorities, EU, CNN, BFMTV Locations: France, Italy, Lyon, Turin, Savoie, Paris, Milan

☆ EU to accelerate arms shipments to Ukraine
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 18 (Reuters) - The European Union is speeding up arms deliveries to Ukraine in support of the country's counter offensive against Russian forces, EU industry chief Thierry Breton said on Sunday in an interview with the French daily Le Parisien. "We are going to step up our efforts to deliver arms and ammunition-- this is a war of high intensity in which they play a crucial role," Breton said, citing a pledge to supply a million high-calibre weapons over the next 12 months. "We are preparing for the war to last several more months, or even longer," he added. Ukraine launched a counteroffensive earlier this month to retake territory from Russian forces, and U.S. Defense Secretary Lloyd Austin last Thursday urged Kyiv's allies to "dig deep" to provide more arms and ammunition. Reporting by Elizabeth Pineau and Mimosa Spencer; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Breton, Lloyd Austin, Kyiv's, Elizabeth Pineau, Mimosa Spencer, Hugh Lawson Organizations: European, Russian, U.S . Defense, Thomson Locations: European Union, Ukraine, Le, Russian

☆ Europe to accelerate arms shipments to Ukraine, EU industry chief says
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

☆ China firmly opposes Huawei ban by some EU countries
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

BEIJING/STOCKHOLM, June 16 (Reuters) - China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. EU industry chief Thierry Breton on Thursday urged more EU countries to join the 10 that have restricted or banned China's Huawei (HWT.UL) and ZTE (000063.SZ) from their 5G telecoms networks, citing risks to the bloc's collective security. Huawei has criticised the move saying this was not based on a verified, transparent, objective and technical assessment of 5G networks. Publicly singling out an individual entity as HRV without legal basis is against principles of free trade, a Huawei spokesperson said. "As an economic operator in the EU, Huawei holds procedural and substantial rights and should be protected under the EU and Member States’ laws as well as their international commitments," the person said.

Persons: Thierry Breton, Supantha Mukherjee, Foo Yun Chee, Andrew Cawthorne, Toby Chopra Organizations: Huawei, European Commission, EU, Telecom, Member, Beijing, Thomson Locations: BEIJING, STOCKHOLM, China, Germany, Europe, Member States, Stockholm, Brussels

☆ Top EU official urges more countries to ban China's Huawei, ZTE from 5G networks
▼ + stars: | 2023-06-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A top European Union official has called on more EU countries to ban Chinese telecommunications firms Huawei and ZTE from their 5G networks, ramping up tensions with Beijing. That came as several countries, including the U.K., were deciding to ban Huawei over security fears. "I can only emphasize the importance of speeding up decisions to replace high-risk suppliers from their 5G networks. To date, only 10 EU countries have restricted or banned Huawei from their 5G networks, Breton said. Breton's comments follow news that Germany is considering whether to ban Huawei and ZTE from its 5G network because of alleged national security risks.

Persons: Thierry Breton, Breton Organizations: Huawei, European Union, ZTE, EU, Reuters, CNBC Locations: Europe, Germany, Beijing, EU, States, China

☆ Stellantis to unveil Citroën e-C3, first affordable European-made EV
▼ + stars: | 2023-06-15 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

PARIS, June 15 (Reuters) - The world's No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan cheaper models encouraged by government subsidies. That EV subsidy should be unveiled in October for cars to be delivered in 2024, a government source told Reuters. The need for more affordable European models has been driven by Chinese EV brands, which are seen as a threat to European carmakers as they can offer cheaper models. Built on Stellantis' "smart car" architecture introduced in India and Latin America, the vehicle will be assembled in Slovakia and will launch early in 2024, Koskas said.

Persons: Thierry Koskas, Koskas, Gilles Guillaume, Nick Carey, Sharon Singleton Organizations: Reuters, EV, Renault Dacia Spring, Renault, Citroen, Thomson Locations: France, Europe, India, Latin America, Slovakia, China

☆ EU countries right to ban Huawei, ZTE from networks, Breton says
▼ + stars: | 2023-06-15 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, June 15 (Reuters) - The decision by some European Union countries to ban China's Huawei (HWT.UL) and ZTE (000063.SZ) from their 5G telecoms networks is justified and in line with the bloc's guidelines, EU industry chief Thierry Breton said on Thursday. Breton has in recent weeks voiced concerns that some EU countries still have perceived high risk components in their 5G core network, citing intrusive third-country laws on national intelligence and data security - a veiled reference to China. Breton said only 10 of the 27 EU countries had restricted or blocked high-risk vendors. "This is too slow, and it poses a major security risk and exposes the Union's collective security, since it creates a major dependency for the EU and serious vulnerabilities," he said. Huawei, ZTE and Beijing have strongly rejected Western allegations that the companies' equipment might be used for spying.

Persons: Thierry Breton, Breton, Foo Yun, Mark Potter Organizations: Union, Huawei, EU, ZTE, Thomson Locations: BRUSSELS, China, Beijing

☆ Striking pictures show the ISS crossing a sunspot big enough to swallow two Earths during a spacewalk
▼ + stars: | 2023-06-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The station crossed three sets of sunspots, including one big enough to swallow two Earths. The ISS cast its shadow across three sets of sunspots, one of which was big enough to swallow two Earths whole. The ISS crossed three sets of sunspots, including one that was would be big enough to swallow Earth. Solar flares have previously been known to cause radio blackouts on Earth as well as create stunning auroras. Thierry Legault www.astrophoto.frMore sunspots and solar flares have been appearing on the sun as it reaches a decadal peak of activity.

Persons: —, Stephen Bowen, Warren, Woody, Hoburg, Thierry Legault www.astrophoto.fr Thierry Legault, Thierry Legault www.astrophoto.fr, Legault, Thierry Legault Organizations: NASA, Service, International Space, ISS Locations: Amsterdam

BRUSSELS/STOCKHOLM, June 14 (Reuters) - EU lawmakers on Wednesday voted for tougher landmark draft artificial intelligence rules that include a ban on the use of the technology in biometric surveillance and for generative AI systems like ChatGPT to disclose AI-generated content. The lawmakers agreed the amendments to the draft legislation proposed by the European Commission which is seeking to set a global standard for the technology used in everything from automated factories to bots and self-driving cars. Microsoft, which has called for AI rules, welcomed the lawmakers' agreement. However, the Computer and Communications Industry Association said the amendments on high-risk AIs were likely to overburden European AI developers with "excessively prescriptive rules" and slow down innovation. The lawmakers will now have to thrash out details with European Union countries before the draft rules become legislation.

Persons: Elon Musk, Sam Altman, Brando Benifei, Thierry Breton, Foo Yun Chee, Bart Meijers, Supantha Mukherjee, Emelia Sithole Organizations: European, Microsoft, Elon, Big Tech, Union, Computer and Communications Industry Association, AIs, The Commission, Thomson Locations: BRUSSELS, STOCKHOLM, Europe, United States, China, Brussels, Stockholm

☆ Futures muted as bond yields rise on rate jitters
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.01%, S&P 0.06%, Nasdaq 0.09%June 8 (Reuters) - U.S. stock index futures were largely flat on Thursday as government bond yields hovered near recent highs on worries that major central banks could keep raising interest rates. The benchmark S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) closed lower on Wednesday, with megacap stocks leading declines as U.S. bond yields rose after the Bank of Canada (BoC) surprised markets with an interest rate hike. The 2-year Treasury yield , which tends to move in step with short-term rate expectations, rose for a third day to 4.56%, as investors await the Federal Reserve meet next week. Eventually we don't think the Fed will hike in July," Jefferies strategist Mohit Kumar said. They see a 50% chance of a rate hike in July.

Persons: Jefferies, Mohit Kumar, Russell, Thierry Breton, Ryan Cohen, Zhu Jiang, Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, Bank of Canada, BoC, Microsoft Corp, Apple Inc, Amazon.com Inc, Treasury, Reserve, Traders, U.S . Labor Department, Dow e, Meta, Inc, GameStop Corp, Thomson Locations: U.S, KBW, China, Bengaluru

☆ EU's Breton demands Meta act against online content targeting children
▼ + stars: | 2023-06-08 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 8 (Reuters) - EU industry chief Thierry Breton will meet Meta Platforms (META.O) Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta's voluntary child protection code seemed not to be working. Social media platforms such as Meta's Instagram, ByteDance's TikTok, Snap's (SNAP.N) Snapchat and Alphabet's (GOOGL.O) YouTube have stirred concerns among regulators and users over content targeted at young children. "#Meta’s voluntary code on child protection seems not to work," Breton said in a Twitter post. Breton said Meta would also have to demonstrate the measures it plans to take to comply with European Union online content rules known as the Digital Services Act (DSA) after Aug. 25 or face heavy sanctions. The DSA bans certain types of targeted advertisements on online platforms such as those meant for children or when they use special categories of personal data, such as ethnicity, political views and sexual orientation.

Persons: Thierry Breton, Mark Zuckerberg, ByteDance's, Breton, Meta, Foo Yun Chee, Mark Heinrich Our Organizations: Meta, YouTube, EU, Reuters, Meta's, European Union, Digital Services, DSA, Thomson Locations: BRUSSELS, Menlo Park, California

☆ EU official to confront Zuckerberg after damning report on company’s handling of child sexual abuse material
▼ + stars: | 2023-06-08 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —A top European Union official plans to confront Meta CEO Mark Zuckerberg in an in-person meeting over reports this week that the company has failed to prevent the spread of child sexual abuse material on its platform. Thierry Breton, a European commissioner who has led the charge on regulating digital platforms, will visit Meta’s California headquarters on June 23 and plans to raise the matter with Zuckerberg personally, he tweeted Thursday. “#Meta’s voluntary code on child protection seems not to work,” Breton said. “Child exploitation is a horrific crime,” the spokesperson said. A spokesperson for the European Commission didn’t immediately respond to a request for comment.

Persons: Mark Zuckerberg, Thierry Breton, Zuckerberg, ” Breton, “ Mark Zuckerberg, Breton, Meta didn’t, Instagram, “, ” Organizations: CNN, European Union, Digital Services, Meta, Wall Street Journal, Stanford University, University of Massachusetts Amherst, San, European Commission Locations: Meta’s California, San Francisco, California

☆ Lionel Messi says he’s joining Major League Soccer’s Inter Miami after exit from Paris Saint-Germain
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: +5 min

Lionel Messi has pulled off his latest stunning feat: He is headed to Major League Soccer, and joining Inter Miami. It took months of negotiations with MLS, the Inter Miami ownership, Adidas and even Apple getting involved in a creative pitch to bring Messi to Miami's pitch. Inter Miami needed six years from inception to playing its first match, and its first four seasons have been less than stellar. Messi met with Inter Miami co-owner Beckham this spring, and that was shared publicly almost to ensure that everyone knew the sides were still talking. Two days after Argentina won the World Cup, Miami Heat guard Kyle Lowry sat on his team's bench for a game unable to play because of injury.

Persons: Lionel Messi, Messi, David Beckham, Jorge Mas, Cristiano Ronaldo, didn't, Messi's, Ballon, Germain, Phil Neville, Beckham, — Pele, Thierry Henry, —, Kyle Lowry Organizations: Major League Soccer, Inter Miami, Miami, Inter, Mundo Deportivo, Sport, Al, MLS, Australia, Paris Saint, France, Eastern Conference, Adidas, Apple, MLS —, Argentina national football team, Messi, Argentina, Miami Heat Locations: Hilal, Saudi Arabia, Barcelona, Miami, United States, Argentina, Beijing, Indonesia, Jakarta, Paris, U.S, South Florida

STOCKHOLM, June 6 (Reuters) - Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. OpenAI has so far raised $10 billion from Microsoft (MSFT.O) at a valuation of almost $30 billion as it invests more on building computing capacity. "We did not threaten to leave the EU," Altman said on Tuesday. There's still more clarity we are waiting for on the EU AI Act, but we are very excited to operate in Europe." Many experts have cited a potential threat to jobs being replaced by AI including in sectors such as transport and logistics, office support and administration, production, services and retail.

Persons: Sam Altman, Altman, OpenAI, Thierry Breton, Margrethe Vestager, Supantha Mukherjee, David Goodman, Emelia Organizations: Microsoft, United Arab Emirates, EU, Thomson Locations: STOCKHOLM, Abu Dhabi, Qatar, India, South Korea, EU, Europe, Stockholm

☆ EU's Breton cites telcos' investment gap for Big Tech network fee push
▼ + stars: | 2023-06-06 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

It is better to be a telco in the U.S. than in Europe," Breton told a conference. Adjusted for GDP, 5G investment in the EU is lower than in other regions of the world," he said. He dismissed fears that requiring some users to pay more than others would breach EU net neutrality rules which say all users should be treated equally. "We will not touch net neutrality. It is not a question of changing net neutrality.

Persons: Thierry Breton, Breton, Foo Yun Chee, Richard Chang Organizations: Big Tech, EU, Deutsche Telekom, Telefonica, Telecom Italia, Alphabet's, Google, Apple, Netflix, Microsoft, Thomson Locations: BRUSSELS, Europe, United States, U.S, Breton, Orange

☆ Majority of EU countries against network fee levy on Big Tech, sources say
▼ + stars: | 2023-06-02 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 3 (Reuters) - A majority of EU countries have rejected a push by Europe's big telecoms operators to force Big Tech to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. Telecoms ministers from 18 countries either rejected or criticised the proposed network fee levy on tech firms at a meeting with EU industry chief Thierry Breton in Luxembourg on Thursday, the sources said. That echoed comments made last month by EU telecoms regulators' group BEREC. Breton is expected to issue a report by the end of June with a summary of feedback provided by Big Tech, telecoms providers and others which will indicate his next steps. Any legislative proposal needs to be negotiated with EU countries and EU lawmakers before it can become law.

Persons: Thierry Breton, Breton, Foo Yun Chee, Rosalba O'Brien Organizations: EU, Big Tech, Deutsche Telekom, Telefonica, Telecom Italia, France Telecom, French, Google, Apple Inc, Inc, Netflix Inc, Amazon.com Inc, Microsoft Corp, Thomson Locations: BRUSSELS, Luxembourg, Orange, Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Ireland, Lithuania, Malta, Netherlands, Cyprus, France, Greece, Hungary, Italy, Poland, Portugal, Romania

☆ Twitter loses its top content moderation official at a key moment
▼ + stars: | 2023-06-02 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Irwin has not addressed the reasons for her departure, but the move coincided with the company’s content moderation dispute with the Daily Wire, a conservative outlet. But the sudden and unexpected vacancy at Twitter could leave the company without a key content moderation official at a sensitive moment. That law, known as the Digital Services Act, will require so-called “very large online platforms” including Twitter to abide by tough content moderation standards by as early as August. For months, as Musk has increasingly welcomed more incendiary speech onto the platform Twitter had previously restricted, EU officials have been reminding Twitter of its content moderation obligations under the DSA. The warnings have also come amid mass layoffs at the company that have eliminated entire teams, including much of its content moderation staff.

Persons: Elon Musk, Twitter’s, Ella Irwin, Irwin, Jeremy Boreing, Musk, it’s, It’s, “, Thierry Breton, ” Breton, Linda Yaccarino Organizations: CNN, Twitter, European Union, Reuters, Daily, Twitter’s San, Digital Services, DSA, Services, Trust, Safety, European Commission, Companies Locations: Twitter’s, Twitter’s San Francisco

☆ Twitter's head of trust and safety says she has resigned
▼ + stars: | 2023-06-02 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October. Irwin, who joined Twitter in June 2022, took over as head of the trust and safety team in November when previous head Yoel Roth resigned. Irwin's departure comes as the platform has struggled to retain advertisers, with brands wary of appearing next to unsuitable content. Musk announced earlier this month that he hired Linda Yaccarino, former NBCUniversal advertising chief, to become Twitter's new CEO. Reporting by Sheila Dang in Dallas; Editing by Shri Navaratnam, Leslie Adler and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Ella Irwin, Elon Musk, Irwin, Yoel Roth, Musk, Linda Yaccarino, Fortune, Thierry Breton, Twitter, Sheila Dang, Shri Navaratnam, Leslie Adler, Edmund Klamann Organizations: Reuters, Twitter, European Union, Thomson Locations: Dallas

☆ EU tech chief calls for voluntary AI code of conduct within months
▼ + stars: | 2023-05-31 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

LULEA, Sweden, May 31 (Reuters) - The United States and European Union should push the artificial intelligence (AI) industry to adopt a voluntary code of conduct within months to provide safeguards while new laws are developed, EU tech chief Margrethe Vestager said on Wednesday. The European Union's AI Act, with rules on facial recognition and biometric surveillance, could be the world's first comprehensive legislation governing the technology, but is still going through the legislative process. "In the best of cases it will take effect in two and a half to three years time. That is obviously way too late," Vestager told reporters before a meeting of the joint EU-U.S Trade and Technology Council in Sweden. Vestager, a European Commission vice president, said a code of conduct come emerge quickly while governments and legislators from the EU to Canada to India establish rules.

Persons: Margrethe Vestager, Vestager, Thierry Breton, Philip Blenkinsop, Mark Potter Organizations: LULEA, European Union, EU, U.S Trade, Technology Council, European Commission, Thomson Locations: Sweden, United States, European, Canada, India

☆ Stocks and bonds are reflecting the need for tighter Fed policy, says Unlimited Funds' Bob Elliott
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks and bonds are reflecting the need for tighter Fed policy, says Unlimited Funds' Bob ElliottBob Elliott, Unlimited Funds co-founder, CEO and CIO, and Thierry Wizman, Macquarie Group global interest rates and foreign exchange strategist, join 'Closing Bell Overtime' to discuss the debt ceiling agreement, market reaction, and more.

Persons: Bob Elliott Bob Elliott, Thierry Wizman Organizations: Funds, Macquarie Group

☆ Exclusive: EU's Breton to discuss AI rules with OpenAI CEO in June
▼ + stars: | 2023-05-30 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, May 30 (Reuters) - EU industry chief Thierry Breton will meet OpenAI CEO Sam Altman in San Francisco next month to discuss how the company will implement the bloc's world-leading rules on artificial intelligence (AI), EU officials said on Tuesday. Breton will also discuss an AI pact with Altman with the goal of getting OpenAI to join a group of European and non-European companies to apply the AI rules ahead of their enforcement in 2026, the EU officials said, asking not to be named. "Breton will discuss the practical aspects of the implementation of the AI Act. It will be a working session, with an in-depth discussion on datasets," one of the EU officials said. Last week, after meeting Alphabet CEO Sundar Pichai, Breton said the U.S. tech giant and the European Commission will discuss a voluntary AI pact to help companies anticipate implementation of the AI legislation.

Persons: Thierry Breton, Sam Altman, Breton, Altman, OpenAI, irked Breton, Sundar Pichai, Foo Yun, Mark Potter, Barbara Lewis Organizations: European, Thomson Locations: BRUSSELS, San Francisco, U.S

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