Big Tech split? Google to sign EU’s AI guidelines despite Meta snub

Big Tech split? Google to sign EU’s AI guidelines despite Meta snub


 

VCG | Visual China Group | Getty Images

Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation.

In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’ access to advanced new AI tools, as they become available.

Google’s endorsement comes after Meta recently said it would refuse to sign the code over concerns that it could constrain European AI innovation.

“Prompt and widespread deployment is important,” Kent Walker, president of global affairs of Google, said in the post, adding that embracing AI could boost Europe’s economy by 1.4 trillion euros ($1.62 trillion) annually by 2034.

The European Commission, which is the executive body of the EU, published a final iteration of its code of practice for general-purpose AI models, leaving it up to companies to decide if they want to sign.

The guidelines lay out how to meet the requirements of the EU AI Act, a landmark law overseeing the technology, when it comes to transparency, safety, and security.

However, Google also flagged fears over the potential for the guidelines to slow technological advances around AI.

“We remain concerned that the AI Act and Code risk slowing Europe’s development and deployment of AI,” Kent Walker, president of global affairs of Google, said in the post Wednesday.

“In particular, departures from EU copyright law, steps that slow approvals, or requirements that expose trade secrets could chill European model development and deployment, harming Europe’s competitiveness.”

Earlier this month, Meta declined to sign the EU AI code of practice, calling it an overreach that would “stunt” the industry.

“Europe is heading down the wrong path on AI,” Joel Kaplan, Meta’s global affairs chief, wrote in a LinkedIn post at the time. “This code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act.”

AI chip startup Rebellions looks to raise up to $200 million ahead of IPO



Source

There’s another energy market that may get hit harder than oil by Strait of Hormuz closure
World

There’s another energy market that may get hit harder than oil by Strait of Hormuz closure

A liquefied natural gas (LNG) tanker on a digital screen at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty Images Oil prices jumped Monday with traffic in the Strait of Hormuz at a near standstill, but the longer-term implications of the Strait’s closure may […]

Read More
When will the selling stop? Jay Woods and other traders are watching this key S&P 500 level
World

When will the selling stop? Jay Woods and other traders are watching this key S&P 500 level

Traders are watching a key support level for the S & P 500 where it could see some buying — without which, there could be trouble ahead. The broad market index is fast approaching its 200-day moving average, which is at 6,582. The technical indicator, which averages the closing price over the last 200 days, […]

Read More
The 0 oil playbook: How pro investors are investing around this energy shock
World

The $100 oil playbook: How pro investors are investing around this energy shock

Professional investors are reshuffling portfolios as crude oil surges past $100 a barrel , rotating into sectors tied to commodities while adding hedges against the risk that geopolitical tensions could trigger a broader economic shock. The jump in energy prices tied to the Middle East conflict is prompting money managers to rethink positioning. Many say […]

Read More