Meta to halt AI releases in EU due to ‘unpredictable’ regulations
Meta joins Apple in blackballing EU users, but unlike the iPhone maker’s anti-competitive reasons, it’s concerned about using public data to train AI.
Latest European Union News
Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition
Last week's news about AI saw Meta's suspension of AI tools in Brazil, Japanese companies' stance on AI, Meta not launching LLama model in EU, and the formation of the Coalition for Secure AI.
Romania green lights AI blueprint in line with EU objectives
Romania’s government has approved a national AI strategy that will run until 2027 after a period of regulatory back-and-forth with agencies and the general public.
EU, UK regulators launch consultations on digital asset data reporting and wallets
The call for information is open until September 13; after that, the regulators will analyze all responses received and provide an update by Q1 2025.
Apple opens NFC tap-and-go payments tech to third parties in EU
The company had restricted its NFC features on its iPhones to Apple Pay users, but European Union regulators have broken the monopoly with threats of a $40 billion fine.
Circle celebrates MiCA stablecoin first as Tether eyes EU exit
Circle secured an EMI license from France's banking regulator, while rival Tether continues to avoid discussions about whether its stable will ever join this Euro party.
What can Africa learn from the EU’s MiCA framework?
Some experts say Africa should formulate its own MiCA-like framework for the digital currency sector, but its implementation might be much more complicated.
Blockchain can help mitigate worst aspects of AI
Blockchain, another technology that debuted on the world stage 15 years ago, is increasingly considered a potential solution for creating AI accountability.
ECB issues first digital euro ‘preparation phase’ progress report
The European Union is a step closer to realizing its vision for an EU-wide CBDC with its first comprehensive update, detailing its plans for offline functionality, holding limits and tender process.
Apple won’t launch AI features in Europe this year, cites complex EU rules
The new Digital Markets Act will deny EU iPhone users the new Apple Intelligence AI features, according to Apple, although the tech giant has pledged to work with regulators for a solution.
Italy to increase oversight of digital asset market
The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog, Consob, as the authorities overseeing digital asset activities.
Japan adopts friendly stance toward AI to attract global investments
Japan seeks to lure leading AI companies to the country by adopting a “regulatory-light approach,” a step different from the strict AI regulations in the EU and other jurisdictions worldwide.