I think individual countries are really going to be tripping over each other to become the AI hub in the EU. The EU has a massive chip on its shoulder. They want to have some kind of company that could someday rival the likes of Google, the likes of Microsoft. So we'll definitely see countries like France, Spain trying to attract those startups and help them scale up.
The European Union became one of the first in the world to take wide-reaching action to regulate artificial intelligence when it passed a draft law in June. The proposal would put new guardrails around the use and development of artificial intelligence, including curbing the use of facial recognition software and increasing ChatGPT’s transparency. Bloomberg’s Jillian Deutsch joins guest host Rosalind Mathieson to talk about how the EU pulled ahead in the race to regulate AI, and why concerns are growing about AI being overregulated. Columbia Law School Professor Anu Bradford discusses what the global effect will be if this far-reaching regulatory framework is enacted into law.
Read more: Big Tech Wants AI Regulation — So Long as Users Bear the Brunt
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