News

European Commissioner for Technological Sovereignty, Security and Democracy Henna Virkkunen said in a press conference Wednesday that companies should favour EU solutions where they can." "The businesses mainly use AI tools in their office work – and we now want to go to the industrial sectors and apply it," she added. However, data published by the Commission earlier this year suggests that the 27-member union is behind when it comes to AI innovation and investment compared to other major players in the field, including the US and China. The EU invested close to €7 billion in venture capital for artificial intelligence, compared to €58.5 billion in the US and €12.9 billion in China, according to the report. His comments add to ongoing concerns from businesses for a "two-year clock-stop" on the rules to allow "both for reasonable implementation by companies, and for further simplification of the new rules." The Commission in response said it is not considering such a pause."