Stock Markets
The EU’s AI regulations sparked a letter signed by 160 tech execs
An open letter to lawmakers in the European Union was issued by more than 160 executives from tech companies around the world urging careful consideration of artificial intelligence (AI) regulations not to stunt the industry or markets.
On June 30, executives from companies such as Renault (EPA:), Meta, Spanish telecom company Cellnex, and German investment bank Berenberg, pointed to the proposed EU Artificial Intelligence Act, saying it potentially risks the region’s competitiveness and innovation.
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