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Europe

Promoting competition must be a top priority in this sector…

thedailyposting.comBy thedailyposting.comFebruary 19, 2024No Comments

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For the EU to be truly competitive in the field of artificial intelligence, the tools for building AI must be accessible to companies of all sizes.This is one of the core conclusions of the Renew Europe-led event “How can we avoid Big Tech dominating AI? Making artificial intelligence available to everyone.”, held today in the European Parliament. The challenges and opportunities that AI brings to European companies, the need to avoid monopolization and market abuse by Big Tech, and how to foster innovation and the EU’s competitiveness in the field of AI are among the main topics covered at the seminar. became a part. Hosted by MEP and Economic Monetary Coordinator Stephanie Yon-Courtanand with the participation of MEPs Karen MelchiorRenew Europe’s negotiator on the AI ​​Law of the JURI Committee, the forum also featured contributions from . Margrethe VestagerVice-President of the European Commission on the Digital Age and Competition, and leading experts.

Panelists emphasized the need to extend the scope of digital market law to generative AI and the importance of strengthening international cooperation between competition authorities to promote competition in digital markets. They also called for stronger antitrust laws and careful attention to potential mergers and killer acquisitions to prevent a few large companies from taking over the development and deployment of AI. In other words, fair competition, a level playing field, the promotion of innovation, and especially mentioning AI SMEs and start-ups as the backbone of his EU economy, must be the secret to his EU’s success in the race to develop AI. It doesn’t have to be.

Member of Parliament Stephanie Yon-Courtan (France, L’Europe Ensemble) Renew Europe’s Economic and Monetary Affairs Coordination Committee (ECON) said:

“Artificial intelligence has already become a disruptive reality in countless areas, including the environment, energy, health, agriculture, and more. But its true potential as a vector of economic development lies in the Our mission is to enable businesses to take advantage of artificial intelligence. We have it all. We can leverage existing tools, based on the Digital Markets Act (DMA) and EU competition policy, to improve the EU’s competitiveness. Let’s make sure it happens while elevating it. Only a few companies can replicate the same GAFAM (Google, Amazon, Facebook, Apple, Microsoft) in the AI ​​space and control this technology that has a profound impact on our daily lives. It’s a handful.”



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