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Europe, which "has more open-source developers than America", is
well placed to make the most of the open-source AI wave, the
CEOs said in a joint statement on Friday.
"Yet its fragmented regulatory structure, riddled with
inconsistent implementation, is hampering innovation and holding
back developers."
The CEOs said the tech industry in Europe faces "overlapping
regulations and inconsistent guidance on how to comply with
them" instead of clear rules.
A streamlined regulatory framework would not only accelerate the
growth of open-source AI, but also provide support to European
developers and the broader creator ecosystem, they said.
The Irish privacy regulator in June asked Meta to not launch its
AI models in Europe for the time being, after the company was
told to delay plans of harnessing data from Facebook and
Instagram users.
Given the current regulations, Meta will not be able to release
its upcoming AI models such as Llama multimodal, which has the
capability to understand images, in Europe.
This would mean Europeans will be "left with AI built for
someone else," the CEOs said.
Spotify pointed to its early investment in AI to create
personalized experiences for users that has led to the streaming
service's success.
Laws that have been designed to increase European sovereignty
and competitiveness are achieving the opposite, they said,
adding Europe should be "simplifying and harmonizing regulations
by leveraging the benefits of a single yet diverse market."
The CEOs concluded that Europe needs a new approach with clearer
policies and more consistent enforcement, adding it will miss a
"once-in-a-generation opportunity" on its current path.
The EU Commission did not immediately respond to a Reuters
request for comment.
(Reporting by Juby Babu in Mexico City; Editing by Shreya Biswas)
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