Google, executive goal exploits Europe on a strict regulation of AI

Stockholm – Executives of the US technological giants. Google and Goal Said that the artificial intelligence industry of Europe is being retained by excessive regulation, which increases the rhetoric of Donald Trump’s administration that the strict technological rules of the region are drowning innovation.

Speaking at the Techna Tech conference in Stockholm, Sweden, heads of public policies on Google and Meta used the stage as a platform to express their concerns about the strict approach of the block to regulate technologies such as AI and automatic learning.

“I think there is now a broad consensus that the European regulation on technology has its problems, sometimes it is too fragmented, such as GDPR (general regulation of data protection), sometimes it goes too far, such as law AI,” Chris Yiu, goal director of the finish line of finish target. Public policy on Thursday told an audience of founders and technological investors in Techarena.

“But the net result of all that is that the products are delayed or diluted and European citizens and consumers suffer,” he said.

Yiu took out a couple of recently launched Ray-Ban brand glasses, which use AI to translate speech from one language to another or describe images for visual disabled.

“This is a deep and very human application of technology, and it is slow to reach Europe due to the problems we have around regulation,” said Yiu.

Meta Only began to implement the AI ​​characteristics for its finish Ray-Ban glasses in some European countries in November, after a delay, the company said it was caused by the need to meet the “complex regulatory system” in Europe.

Meta expressed concern about his ability to comply with AI’s law, an EU historical law that establishes a legal and regulatory framework for technology, marking the “unpredictable” implementation was a central problem.

The firm also said that GDPR, the EU Data Privacy Frame Goal to train their AI models.

Dorothy Chou, head of Public Policy of Google Deepmind, said that a key problem with the European approach to regulate artificial intelligence technology was that Law AI was devised before Chatgpt had come out.

The law of AI was first presented by the European Commission, the EU executive agency, in April 2021. OpenAi launched Chatgpt in November 2022.

“There is a way to use policy to create a better investment environment when it takes to benefits, such as subsidies for electric vehicles.

“I think the difficult thing is when you are regulating in a time scale that does not match technology,” Chou added. “I think what we must do is regulate to ensure that there is a responsible application of technology, while ensuring that the industry is thriving it in all correct forms.”

Large technology companies in general have been increasing their rhetoric against the EU approach for technological regulation and intensifying lobbying efforts in an attempt to soften the aspects of law AI.

Kent Walker, president of Google Global Affairs, told Politico last month that the EU Practice Code for AI Models for General Use (GPAI), which refers to systems such as the family of large language models of Openai, or LLMS, was a “step in the wrong direction.”

The EU AI office, a newly created body that supervises the models under the AI ​​law, published a second draft practice code for GPAI systems in December.

Earlier this month, the newly appointed world matters of Meta, Joel Kaplan, suggested in an interview broadcast live in an event in Brussels that the technological giant would not be registered in the code in its current form.

The rules, he said, go “beyond the requirements” of AI’s law and impose “involuntary and technically involuntary requirements.”

The supplications of the technological giants for the softer EU technological regulation have been emboldened in recent times by the new administration of President Donald Trump.

At the International Summit for AI in Paris last week, American vice president JD Vance criticized Europe for being too focused on regulating artificial intelligence instead of adopting the technology growth potential.

Harmonize EU rules for new companies

The great technology was not alone when asking for a more simplified regulatory regime for technology companies operating in Europe.

Several risk capitalists investing in new European technology companies also denounced the complex regulatory compliance loads in their portfolio companies.

Antoine Moyroud, partner of Lightspeed Venture Partners, said that while the United States has been promoting initiatives such as the Stargate investment project of $ 500 billion That reaches a “hopeful” message around AI, “Europe’s narrative tends to be more” dramatic. “

The region needs to begin to think “beyond GDPR, beyond the AI’s law” and produce stories of technological success so that people “get excited” with the promise of technology.

The speed of light are investors in unicorn of the French Mistral, which is often promoted as the key competitor of Europe for OpenAi.

Last year, technological entrepreneurs in the region proposed a new initiative to address market regulations fragmented in the 27 -members block through establishing a so -called “28 regime.” These legal frameworks proposed within the EU offer companies an alternative to the national rules of the Member States, instead of replacing them.

For example, there is a Statute of the European company under regime 28 that simplifies public liability companies in the EU.

The tastes of the CEO of Stripe, Patrick Collison and the wise co -founder, Taavet Hinrikus, are among the beginning founders who seek to establish a new entity under regime 28, called “USA Inc.”

“Europe is a fragmented place, and what you want to do is (to) hire any country,” said Luke Cupas, a London partner for the Nea Risk Capital firm, CNBC in an interview on the sidelines of Techarena.

A key issue to attract talent in this way, according to Papas, is that “the process of giving transversal capital in Europe is not very easy.”

“If we can standardize equity, for example, that will help drastically,” he added.