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The European Union’s “fragmented regulatory structure” is stifling artificial intelligence (AI) innovation, Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek said in a joint statement published on Friday. The two tech leaders added that the EU’s AI regulatory framework is “riddled with inconsistent implementation,” hampering the ability of the region’s companies to take advantage of the AI wave.  They noted:  “Instead of clear rules that inform and guide how companies do business across the continent, our industry faces overlapping regulations and inconsistent guidance on how to comply with them.” The two founders warned that without “urgent changes” the EU will be left behind in the AI race.  The case for open-source AI According to the two founders, open-source AI, where models and tools are publicly accessible under permissive licenses, offers a significant opportunity for European organizations. Open-source AI can democratize access to advanced technologies, preventing the concentration of power among a few major players and fostering a more competitive and innovative environment.  They pointed out that much of the internet and leading tech companies already rely on open-source technologies, suggesting that the future of AI development will similarly benefit from open collaboration and transparency.  They stated:  “We believe the next generation of ideas and startups will be built with open-source AI, because it lets developers incorporate the latest innovations at low cost and gives institutions more control over their data.” Meta, in particular, has embraced this model by open-sourcing several of its AI technologies, including its Llama large language models. These models have already been used by public institutions and researchers to advance medical research and preserve endangered languages.  Similarly, Ek attributed Spotify’s success to its utilization of AI at an early stage. The CEOs emphasized that with Europe boasting a significant number of open-source developers, the continent is…

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Filed under: News - @ August 25, 2024 1:03 am