As per the report, the European Commission – EU’s executive body – said that it is working to support AI innovation, adding that the EU’s incoming justice commissioner is expected to make sure that the bloc’s data protection law responds to both law enforcement and commercial needs.
The letter comes soon after Meta and Apple announced that the AI features on their platforms and devices will not be available in Europe because of the bloc’s regulations.
Recently, Apple said that its new AI system, called Apple Intelligence, will not be available for European iPhone users this year because of what it said were uncertainties caused by a new digital-competition law.
Meanwhile, Meta said in July that it will not release a future multimodal AI model in the EU in the near term because of “the unpredictable nature of the European regulatory environment.”
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Munich-based venture capital (VC) firm Capmont Technology has reportedly launched a $111 million fund. The company, which has raised $334 million sin