Europe unveils plan to become 'AI continent' with simpler rules, more infrastructure

The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act. The European Union on Wednesday presented a plan to boost its artificial intelligence industry and help it compete more aggressively with the U.S. and China, following criticisms from technology firms that its regulations are too cumbersome. In a press release, the European Commission, the executive body of the EU, outlined its so-called "AI Continent Action Plan," which aims to "transform Europe's strong traditional industries and its exceptional talent pool into powerful engines of AI innovation and acceleration." Among the ways Europe plans to bolster regional AI developments are a commitment to build a network of AI factories and "gigafactories" and create specialized labs designed to improve the access of startups to high-quality training data. The EU defines these "factories" as large facilities that house state-of-the-art chips needed ... Read full article.