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EU considering whether to attend Britain's AI summit, spokesperson says
Economic Times
·
1y ago
Medial
The European Union is considering attending Britain's upcoming AI safety summit, which aims to discuss the risks associated with artificial intelligence. The summit, hosted by British Prime Minister Rishi Sunak in November, aims to bring together governments, tech companies, and academics. The EU's potential participation comes as the bloc is finalizing its own AI legislation, making it the first of its kind globally. While the invitee list has not been disclosed, it is expected to include world leaders and tech experts. The British government has faced criticism for inviting China to the summit.
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China accepts invitation to AI summit in Britain: deputy UK PM Oliver Dowden
Economic Times
·
1y ago
Medial
China has accepted Britain's invitation to attend a global summit on artificial intelligence, according to Deputy Prime Minister Oliver Dowden. The summit aims to address the risks associated with AI and promote its safe development, bringing together representatives of AI companies, political leaders, and experts. While China has accepted the invitation, participation from other countries is still being confirmed.
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EU spokesperson: Apple and Meta fines are 'proportionate'
Economic Times
·
3m ago
Medial
The European Union has imposed fines of 500 million euros on Apple and 200 million euros on Meta Platforms, which an EU spokesperson deemed proportionate. The spokesperson addressed concerns over whether these fines were modest, emphasizing that they were appropriate considering the duration and severity of the infringements involved. The EU's decision reflects their assessment of the gravity of the companies' actions, ensuring enforcement of regulations within the technology sector.
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Elon Musk expected to attend global AI summit in UK
Economic Times
·
1y ago
Medial
Billionaire entrepreneur Elon Musk is expected to attend a global summit on artificial intelligence in Britain this week. The summit aims to bring together representatives of AI companies, political leaders, and experts to discuss the risks and safe development of AI. While the full guest list has not been made public, several world leaders including U.S. Vice President Kamala Harris and President of the European Commission Ursula von der Leyen are due to attend. British Prime Minister Rishi Sunak mentioned his conversation with Musk about the AI Safety Summit on Musk's social media platform X.
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Meta will only make limited changes to pay-or-consent model, EU says - The Economic Times
Economic Times
·
1m ago
Medial
Meta Platforms has made limited changes to its pay-or-consent model, and EU regulators have not yet confirmed whether these are sufficient to meet antitrust compliance requirements. The European Commission is considering future actions, including the possibility of imposing periodic penalties starting June 27, 2025, if compliance standards are not met.
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Meta says EU antitrust regulators are discriminating against its business model - The Economic Times
Economic Times
·
1m ago
Medial
Meta Platforms has criticized EU antitrust regulators, claiming discrimination against its business model and shifting compliance expectations. Despite this, Meta has actively engaged in discussions and made significant changes to its operations. A Meta spokesperson stated that their offerings in the EU not only comply with regulations but exceed them. The company remains confident in its approach, seeking to align with EU rules while addressing concerns about its pay-or-consent model.
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We must address AI risks with a sense of urgency: Britain's King Charles
Economic Times
·
1y ago
Medial
Britain's King Charles emphasized the need for the international community to address the risks associated with artificial intelligence (AI) with urgency, unity, and collective strength. In a video message played at the AI Safety Summit, he drew parallels to how the world has tackled climate change and called for a similar approach to safeguard against AI risks. The king's message was delivered at Bletchley Park in central England.
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Shein says EU fees, French penalties would increase prices in France
Economic Times
·
2m ago
Medial
Shein warns French consumers of potential price increases due to an EU proposal for a €2 handling fee on e-commerce packages and a French bill penalizing fast fashion for its environmental impact. Shein's spokesperson Quentin Ruffat highlighted the financial implications for French shoppers, estimating a €12 hike by 2030. The EU handling fee, if approved, would affect platforms like Shein, which ship low-cost goods directly, while France has supported such measures.
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Microsoft to launch AI hub in London
Economic Times
·
1y ago
Medial
Microsoft has revealed plans to establish an AI hub in London, with a focus on product development and research. The new unit will be led by Mustafa Suleyman, the co-founder of Google DeepMind, who recently joined Microsoft. This move allows Microsoft to tap into the growing talent pool for AI in Europe, potentially attracting professionals from companies like DeepMind or OpenAI. It also signifies a victory for Britain's ambitions to become a technology leader following its hosting of the first global AI safety summit.
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Behind the term sheets: Prime, Lightspeed, Together, and pi Ventures take on the AI ‘hype vs real’ debate at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025 in Bengaluru will focus on AI investments in India, spotlighting the debate between foundational and applied AI solutions. Key venture capitalists, including representatives from Prime, Lightspeed, and pi Ventures, will discuss whether current investments fuel genuine AI innovation or chase hype. India's AI sector faces a funding decrease, but deal numbers have risen, indicating robust interest. The summit seeks to guide strategic investment in AI startups aiming for global competitiveness.
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Match Group says it hasn't yet decided if it will opt into Apple's new DMA rules
TechCrunch
·
1y ago
Medial
Match Group, the dating app giant, has not yet made a decision on whether it will opt into Apple's new rules under the EU's Digital Markets Act. Match President and CEO, Gary Swidler, stated that the company is still evaluating the implications of the legislation and Apple's response to it. While other companies have criticized Apple's DMA rules, Match is still considering its options. Swidler also noted the potential for the rules to change as they require approval from the European Commission. Additionally, Match believes that the availability of these regulations to EU users may put pressure on other markets to adopt similar measures.
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