Meta to European Union: Your Tech Rules Threaten to Squelch the AI Boom.

A group of companies, including Meta Platforms, Spotify, and Prada, have written an open letter warning that the European Union's tech regulations could hinder the benefits of artificial intelligence (AI). The letter states that Europe is becoming less competitive and innovative compared to other regions due to inconsistent regulatory decision-making. The signatories call on the EU to harmonize its rules and provide a modern interpretation of data protection laws. The European Commission has responded by stating that it is increasing efforts to support AI innovation. [Extracted from the article]