Margrethe Vestager, the EU's top tech regulator, discusses the EU's AI ambitions, her Silicon Valley crackdown, and her hopes for staying in her role. Topics include the EU AI Act, coordination between EU and US regulators, changing response of tech companies to EU regulations, and the impact of legislation on behavior change.
Regulation is crucial to foster trust in technology and enable its useful adoption, especially in the public sector's use of artificial intelligence.
Alignment between the EU and the US is important for effective and aligned AI regulation, facilitating business compliance and expanding the marketplace for AI.
Deep dives
EU's AI Ambitions and Regulation
The podcast episode discusses Margrethe Vestager's role as the face of European tech regulation and her work on major regulations targeting social media and digital advertising companies, such as the Digital Services Act and the Digital Markets Act. Vestager emphasizes the importance of good regulation in fostering trust in technology and enabling its useful adoption. She highlights the need for regulation in the public sector's use of artificial intelligence to prevent potential risks. Additionally, Vestager emphasizes the EU's goal of developing its own AI industry, creating choice and diversity in the market.
US-EU Alignment on AI Regulation
The conversation also covers the US-EU relationship regarding AI regulation. Vestager mentions early alignment with American counterparts on AI use cases, focusing on areas where there is a risk to essential values, like non-discrimination. She believes it is important to have an aligned approach between the EU and the US to facilitate business compliance and expand the marketplace for AI. While recognizing different legislative systems and processes, Vestager highlights the need for a strong political will to ensure effective and aligned AI regulation.
Competition and AI Industry Growth
The podcast delves into the intersection of AI and competition, as well as the growth of the European AI industry. Vestager discusses the need to learn fast and work together with American counterparts on exploring how AI will affect market dynamics and market disruption. She mentions the dialogue between competition authorities and the importance of understanding how AI will rapidly change market dynamics. Additionally, Vestager mentions ongoing investigations and regulatory actions against big tech companies, highlighting the global shift in approach towards holding these companies accountable as good corporate citizens.
Executive Vice President Margrethe Vestager, the EU’s top tech regulator, is busier than ever — contending with antitrust cases, internet regulations and, soon, artificial intelligence rules. And yet, her tenure is almost up. Unless she’s chosen for a third term, Vestager will leave the European Commission later this year just as its most consequential tech laws are getting started. On POLITICO Tech, Vestager delves into the EU’s AI ambitions, her Silicon Valley crackdown and her hopes to stay around longer.