Solutyics’ Post

I seen yesterday several news sites reporting about the "Spotify, Meta and others blast EU’s decision-making on AI and data privacy" statements for example from: ➡️ #Reuters (Tech giants push to dilute Europe's AI Act): https://shorturl.at/MYVfn ➡️ #Fortune (Spotify, Meta and others blast EU’s decision-making on AI and data privacy): https://shorturl.at/qHwLN ➡️ #MSN (Meta and Spotify blast EU decisions on AI): https://shorturl.at/AR8ee ➡️ #TheEconomicTimes (Meta and Spotify blast EU decisions on AI): https://shorturl.at/jMbTl 💡 Are really European regulations "too hard to be handled "? ✅️ While browsing, I came across something interesting that, surprisingly, has not received the same level of attention from the press: an #OpenLetter from #EU leaders on #digitalization, #connectivity and #competitiveness. I have found the entire letter in the Ericsson website: https://shorturl.at/Bcz8r The letter has been open letter is signed by: ✔️ Aiman Ezzat, CEO, #Capgemini ✔️Börje Ekholm, President & CEO, #Ericsson ✔️Christian Klein, CEO and the Chairman of the Executive Board, #SAP SE ✔️Christian Sewing, CEO, #DeutscheBank ✔️Cláudia Azevedo, CEO, #Sonae ✔️Claudio Descalzi, CEO, #Eni S.p.A. ✔️Flavio Cattaneo, CEO, #Enel ✔️Gonzalo Gortázar Rotaeche, Consejero Delegado (CEO), #CaixaBank, SA ✔️ Ignacio S. Galán, Executive Chairman, #Iberdrola ✔️ Leonhard Birnbaum, CEO, #EON SE ✔️ Luca de Meo, CEO, #RenaultGroup ✔️ Markus Krebber, CEO, #RWEAG ✔️ Michael Strugl, CEO, #VERBUND ✔️ Óscar García Maceiras, CEO, #Inditex, S.A. ✔️ Pekka Lundmark, President & CEO, #NokiaCorporation ✔️ Peter Herweck, CEO, #SchneiderElectric ✔️ Richard Lutz, Chairman of the Management Board and CEO, #DeutscheBahn AG ✔️ Robert Falck, CEO, #Einride ✔️ Roland Busch, President and CEO, #Siemens AG 💡 The letter is a #CallToAction from nineteen prominent CEOs, urging the European Commission to prioritize #digitalization and #connectivity in its economic agenda. By promoting a supportive policy environment and increasing investments in #5G, #AI, and #DigitalInfrastructure, the EU can secure its position as a leader in the global digital economy. The message is clear: Europe must act now or risk being left behind in the #DigitalAge. #Innovation #Open #AgeOfAI #Disruptive #Thinking #EuropeanUnion #Leadership #Industry #ArtificialIntelligence European Commission

** 🚀 **AI Innovation Under Threat?** 🚀 Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have raised alarms about the EU's restrictive AI regulations, arguing they stifle innovation and hinder open-source advancements. In a joint statement, the leaders emphasize that without clarity in regulations, European users could miss out on cutting-edge AI solutions tailored for their culture and needs. As Spotify highlights, open-source AI is essential for the streaming industry's future, enabling better discovery for artists and enhancing user experiences. Zuckerberg noted, "Delaying the use of data routine in other regions means Europeans won’t get to utilize the latest AI products." Both companies advocate for a simplified regulatory structure that fosters growth in the AI ecosystem while still recognizing the need for balanced regulation. Read more about their perspectives and the implications for tech innovation in Europe: [Read full article](https://lnkd.in/gT2Jw5Z7) #AI #Innovation #Meta #Spotify #EUTech #OpenSource #Regulation #DataPrivacy --- **Tweet:** Meta and Spotify CEOs are calling out EU regulations for stifling #AI innovation! 🚀 They argue that lack of clarity means Europeans miss out on tailored solutions. A simplified regulatory structure is needed for open-source AI to thrive! Read more: [https://lnkd.in/g8wWkQHB) #Meta #Spotify #EUTech #DataPrivacy --- **

𝐓𝐡𝐞 𝐄𝐔 𝐧𝐞𝐞𝐝𝐬 𝐀𝐈, 𝐚𝐧𝐝 𝐰𝐞 𝐧𝐞𝐞𝐝 𝐭𝐡𝐞 𝐄𝐔. 🇪🇺 That’s why we’ve signed Meta´ open letter, backed by leading European companies, researchers and developers! Signatories - we stand alongside: → Daniel Ek - Founder & CEO, Spotify → Martin Ott - CEO, Taxfix → Siemiatkowski - CEO & Co-founder, Klarna → Mark Zuckerberg - Founder & CEO, Meta → Yann LeCun - VP & Chief AI Scientist, Meta → and many more At FULLY AI, we know Europe can lead in AI and we want it, but fragmented regulations are holding us back. We need one clear set of rules that drives innovation without stifling privacy or ethics. This isn’t just about keeping up—it’s about defining the future of AI on our terms. Time is running out. Europe needs to act now, or we risk being left behind. Our full take on the Blog: 1. Comment Read the Open Letter: 2. Comment

Apple and Meta may not see eye-to-eye on much, but they've found common ground in their decisions to hold off on launching AI tools in the EU. Citing overregulation and regulatory uncertainty, both companies have opted not to introduce their latest #AI offerings in the EU. This may seem like a new development, but it's really just the next step in a long-running decline of tech in the EU. For years, online global tech companies have had to offer clunky, less-user-friendly versions of their services in the EU to avoid heavy penalties and investigations often rooted in overregulation and capriciousness, not safety and privacy. In recent years, EU #privacy and #competition technocrats appear almost solely focused on weakening successful businesses rather than creating conditions for them to thrive responsibly. This approach not only fails to elevate the EU’s role in the global economy, it will also make it less competitive in the long run. There is no doubt in my mind that the EU’s current regulatory atmosphere will result in more companies withholding innovation or exiting the EU entirely, stagnating the economy and widening the gap between the EU and regions that foster a more welcoming and stable regulatory environment for technology and innovation. Instead of continuing to impose more layers of regulations that constrict innovation, reduce the benefits of technology, and create regulatory minefields and booby traps, the EU should pivot to an approach that cultivates a stable regulatory environment that primarily incentivizes responsible innovation, encourages entrepreneurship, promotes robust competition, and rewards transparency. This can be achieved through careful planning and consultation with many different stakeholders and cooperation with industry, not by issuing unilateral out-of-touch mandates and setting unreasonable expectations. To succeed economically on the global stage, EU leaders must acknowledge that excessive regulation by privacy and competition authorities is not the solution to their economic challenges. In fact, such an approach is creating a crisis that will hinder the EU's ability to compete effectively. By adopting a more balanced regulatory and enforcement framework, the EU can concentrate on growing its market strength and creating a thriving responsible business environment where innovation flourishes, businesses prosper, and people are safe so the region can compete effectively on the global stage. Unless there is a meaningful change soon, the EU is headed for economic decline, tech and AI irrelevance, and many missed opportunities.

"SAN FRANCISCO, April 10 (Reuters): Meta Platforms unveiled details on Wednesday about the next generation of the company's in-house artificial intelligence accelerator chip.💥 🧬 The news agency reported earlier this year that Meta planned to deploy a new version of a custom data centre chip to address the swelling amount of computing power necessary to run AI products in Facebook, Instagram and WhatsApp.💥 📱 The chip, referred to internally as ""Artemis,"" will help Meta reduce its reliance on Nvida's AI chips and reduce its energy costs overall."🚀 💥 For more information, please check the comment section.... 👇 #digitalbusinessnetwork #dailyupdates #Meta #aichip #thefinancialexpress

In case you're wondering why innovation has stalled in Europe... In a YouTube video (link in the comments), YouTuber Matthew Berman mentioned that Meta had chosen not to release its new open source AI model in the EU over regulatory concerns. He noted that it was sad and bemoaned "over regulation". This is a quote from Meta's spokesperson: "We will release a multimodal Llama model over the coming months, but not in the EU due to the unpredictable nature of the European regulatory environment." This is a reference to European AI Act set to come into effect next year. The comment section was full of comments from Europeans defending the regulations. Here's an example: "European citizen here. I appreciate that "over" regulation. No need to hurry. Let others do the misstakes [sic] first." This mindset has a lot to do with Europe falling behind in innovation. I'm not going to criticize the mindset, it's a perfectly legitimate approach to use the precautionary principle in this case. In fact, Europe may turn out to be right to take a cautious approach to this technology. Many would argue we should have taken a more aggressive approach to social media in its early stages. You must acknowledge, however, that heavy regulation, especially on emerging technologies, is going to stifle innovation and that too has real consequences. Many people have observed Europe's declining innovation and have blamed a lack of investment. The underlying issue behind that lack of investment is, in my opinion, primarily driven by high costs and over regulation. By the way, the high costs and over regulation are, in many ways, two sides of the same coin. What do you think? Is the EU right to take a more heavy handed regulatory approach even if it means throwing a wet blanket on innovation? Perhaps there's a happy medium between the EU's over regulation and the more permissive environment in the US? #AI #Meta #Innovation #EU #Europe #Technology

Navigating the AI Revolution: Meta Embraces Synthetic Media & Spotify's AI DJ Heralds New Era 🤖 The tides are turning in the digital world as AI-generated content gains legitimacy and creative opportunities. Meta's latest policy update is more than a regulatory shift; it's a signifier of a new era where synthetic media is acknowledged not just for the challenges it presents, but also for the incredible potential it holds. As a digital strategist, I see this as a bold move to foster innovation while safeguarding against misinformation. 🛡️ #Meta #AIPolicy 🎵 Spotify's newest feature, DJ, is music to my ears! The AI-powered personalization is not just a nifty trick—it represents a fascinating intersection between technology and the human touch in entertainment. As someone who is always on the lookout for the next big thing in tech, I'm intrigued to see how DJ will transform our music-discovering experience. 🎧 #SpotifyDJ #MusicTech 💍 Talk about a match made in heaven! Bridal Bliss's AI tool could redefine the wedding planning landscape. This perfect 'I do' between technology and personalisation could spell the end of those all-too-common pre-wedding jitters caused by overwhelming planning woes. Lovebirds, rejoice! 👰♂️💒 #BridalBliss #AIWeddingPlanner 🍁 Prime Minister Justin Trudeau's investment of $1.8 billion into the Canadian AI sector is a visionary step that reaffirms Canada's commitment to being a leading tech powerhouse. I’m inspired by Canada’s strategy to nurture a growth environment for AI talents and businesses. It speaks volumes about our northern neighbor’s dedication to shaping a future woven with innovation. 🇨🇦 #CanadianAI #TechInvestment 🌏 And on the global front, Alibaba Cloud is setting a new competitive standard by reducing prices, thus democratizing AI and cloud services. It could be a game-changer for startups and established businesses alike, bolstering a future of innovation and connectivity. Keep an eye on this space; the tech race is heating up! 🔥 #AlibabaCloud #AIExpansion Want more insights on these developments? More information is available on the Digimasters Shorts Podcast. Click the link to tune in https://lnkd.in/eQkQFbYw. #AI #Technology #Innovation #DigitalStrategy #SocialMediaUpdates #DigimastersPodcast

Meta's CEO Mark Zuckerberg met with South Korea's President Yoon Suk Yeol in Seoul. Their discussions centered on AI cooperation and combating fake news, especially with upcoming elections globally. 🌐💡 Zuckerberg's Asia tour, including stops in Japan and Seoul, focuses on partnerships with tech giants Samsung and LG, exploring AI digital ecosystems, XR projects, and AI memory chip collaborations. 🤝 This meeting underscores the critical role of AI in shaping the future of digital communication and the importance of integrity in information sharing. Learn more : https://ow.ly/M9EC50QKIM4

A recent statement by a Meta executive for the South and Southeast Asia region highlighted Vietnam's transformational economy and its cooperation in the technical field with various countries, including the United States. However, despite Vietnam's moderate ranking in the "Government AI Readiness Index" and the presence of local companies actively pursuing AI research, there is still a noticeable lack of investment from semiconductor companies. It is crucial for these companies to adopt marketing strategies and establish their presence in the country. Vietnam's open policies and entrepreneurial environment provide a favorable backdrop for their operations. By leveraging effective marketing strategies, semiconductor companies can bridge the investment gap and seize the opportunities that Vietnam presents. Read more here and let us know your thoughts in the comment! #pulseinnovates #meta #AI #semiconductorindustry #vietnam #marketingnews

Navigating the AI Revolution: Meta Embraces Synthetic Media & Spotify's AI DJ Heralds New Era 🤖 The tides are turning in the digital world as AI-generated content gains legitimacy and creative opportunities. Meta's latest policy update is more than a regulatory shift; it's a signifier of a new era where synthetic media is acknowledged not just for the challenges it presents, but also for the incredible potential it holds. As a digital strategist, I see this as a bold move to foster innovation while safeguarding against misinformation. 🛡️ #Meta #AIPolicy 🎵 Spotify's newest feature, DJ, is music to my ears! The AI-powered personalization is not just a nifty trick—it represents a fascinating intersection between technology and the human touch in entertainment. As someone who is always on the lookout for the next big thing in tech, I'm intrigued to see how DJ will transform our music-discovering experience. 🎧 #SpotifyDJ #MusicTech 💍 Talk about a match made in heaven! Bridal Bliss's AI tool could redefine the wedding planning landscape. This perfect 'I do' between technology and personalisation could spell the end of those all-too-common pre-wedding jitters caused by overwhelming planning woes. Lovebirds, rejoice! 👰♂️💒 #BridalBliss #AIWeddingPlanner 🍁 Prime Minister Justin Trudeau's investment of $1.8 billion into the Canadian AI sector is a visionary step that reaffirms Canada's commitment to being a leading tech powerhouse. I’m inspired by Canada’s strategy to nurture a growth environment for AI talents and businesses. It speaks volumes about our northern neighbor’s dedication to shaping a future woven with innovation. 🇨🇦 #CanadianAI #TechInvestment 🌏 And on the global front, Alibaba Cloud is setting a new competitive standard by reducing prices, thus democratizing AI and cloud services. It could be a game-changer for startups and established businesses alike, bolstering a future of innovation and connectivity. Keep an eye on this space; the tech race is heating up! 🔥 #AlibabaCloud #AIExpansion Want more insights on these developments? More information is available on the Digimasters Shorts Podcast. Click the link to tune in https://lnkd.in/emEXPn4X. #AI #Technology #Innovation #DigitalStrategy #SocialMediaUpdates #DigimastersPodcast