![](https://www.pymnts.com/wp-content/uploads/2023/06/032-e1632393303664.jpg)
By: Tate Ryan-Mosley (MIT Technology Review)
Tech policy took center stage in Europe last week as the European Parliament voted in favor of the AI Act and simultaneously launched a fresh antitrust lawsuit against Google. The approval of the AI Act, backed by a significant majority, has been hailed as a groundbreaking development in AI regulation worldwide. Roberta Metsola, the president of the European Parliament, lauded it as “legislation that will undoubtedly establish the global benchmark for years to come.”
However, immediate clarity is not on the horizon due to the intricacies of the European system. The next step involves the members of the European Parliament engaging in discussions with the Council of the European Union and the European Commission, the EU’s executive body, to iron out the specifics before the draft rules transform into actual legislation. As the three institutions have presented divergent drafts, the final legislation will likely entail a compromise. The process is anticipated to span approximately two years until the laws are effectively implemented…
Featured News
Microsoft Defends Game Pass Price Hike in Response to FTC Criticism
Jul 22, 2024 by
CPI
SEC Launches Interagency Securities Council
Jul 22, 2024 by
CPI
Congress Demands Answers from CrowdStrike CEO Following Massive Global Outage
Jul 22, 2024 by
CPI
Dutch Competition Regulator Confronts Meta Over ‘Free’ Subscriptions
Jul 22, 2024 by
CPI
EU Antitrust Regulators Accept Vifor Pharma’s Pledge to Halt Disparagement of Rival
Jul 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI