One of the main problems of the EU AI Act is its risk-based approach to AI regulation. Under the Act, AI systems are classified by their risk level, and high-risk systems will be subject to the most strict requirements. This classification system is problematic for several reasons:

AI, biotech and affordable clean energy will be the focus of an EU drive to make the bloc globally competitive and ensure it keeps pace with rivals the United States and China, according to a draft European Commission paper seen by Reuters.

BRUSSELS: Artificial intelligence (AI), biotech and affordable clean energy will be the focus of a European Union (EU) drive to make the bloc globally competitive and ensure it keeps pace with rivals the United States and China,

The European Union will propose establishing an advanced research project agency modeled on US government entities to invest in strategic technologies as part of a broader drive to boost the bloc’s competitiveness.

EUR/USD edges lower to near 1.0450 in the early European session on Monday. The US Dollar extends recovery amid risk aversion, weighing on the pair. ECB rate cut expectations also continue to undermine the Euro, adding to the pair's downside ahead of Germany's IFO survey.

Universal Music Group (UMG) , the world's biggest music label, and Swedish streaming giant Spotify have reached a new multi-year agreement for recorded music and music publishing, they said on Sunday.

The UK government recently published its plan for using AI to boost growth and deliver services more efficiently. It also suggests a fundamental shift in how the UK aims to position itself as a global leader in AI innovation. The AI Opportunities Action Plan gives further evidence on how the government intends to regulate cutting-edge AI.

A region once at the forefront of technological innovation now grapples with an innovation gap that could have far-reaching consequences.

Many outside Europe have stopped paying attention to the EU AI Act, deeming it a done deal. This is a terrible mistake. The real fight is happening right now, with the drafting of the proposed act to detail the rules for general-purpose AI (GPAI ...

The White House's new restrictions on global AI chip sales would make it harder for the EU to acquire and use them.

The order has ignited debate over the balance between fostering innovation and addressing critical issues such as privacy, security, and ethical standards.

Despite being celebrated as the world’s first comprehensive AI legislation in the world, the European Union’s AI Act has left some questions open.