PYMNTS-MonitorEdge-May-2024

EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

Draghi Report Says EU Faces ‘Existential’ Competitive Challenge for Tech Investment
Draghi Report Says EU Faces ‘Existential’ Competitive Challenge for Tech Investment
September 09, 2024  |  Technology

A new report published Monday (Sept. 9), which was spearheaded by former European Central Bank President Mario Draghi, paints a stark picture of the European...

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Global AI Treaty Sparks Debate on Innovation vs. Regulation
Global AI Treaty Sparks Debate on Innovation vs. Regulation
September 06, 2024  |  Artificial Intelligence

A new international artificial intelligence treaty signed by the United States, the United Kingdom and the European Union has rekindled a debate over the future...

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Uber Fined $324 Million for EU Data Protection Breach
Uber Fined $324 Million for EU Data Protection Breach
August 26, 2024  |  Regulation

Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data. The fine from the Dutch Data Protection...

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CEOs of Meta and Spotify Say EU Regulations ‘Stifle Innovation’
CEOs of Meta and Spotify Say EU Regulations ‘Stifle Innovation’
August 23, 2024  |  artificial intelligence

European Union (EU) regulations impacting artificial intelligence (AI) may deny the region’s businesses, academics and others the chance to participate in new technology investment and economic growth...

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US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
August 14, 2024  |  artificial intelligence

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as...

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Apple Gives Third Parties Access to Tap-and-Go Payments Tech
Apple Gives Third Parties Access to Tap-and-Go Payments Tech
August 14, 2024  |  Apple

Apple says it is giving developers access to its near-field communication (NFC) technology. “Starting with iOS 18.1, developers will be able to offer NFC contactless...

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Spotify Claims ‘Small Step’ Victory in Apple EU Pricing War
Spotify Claims ‘Small Step’ Victory in Apple EU Pricing War
August 14, 2024  |  Streaming

Spotify gained Apple’s approval to show European Union users pricing information in its iOS app. Spotify is opting into Apple’s “entitlement” for music streaming services,...

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Apple Updates App Store Terms After Criticism From European Commission
Apple Updates App Store Terms After Criticism From European Commission
August 08, 2024  |  Apple

Apple is changing its Digital Markets Act compliance plan in response to the European Commission’s accusation that the company is stifling competition on its App...

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Companies Assess Compliance as EU’s AI Act Takes Effect
Companies Assess Compliance as EU’s AI Act Takes Effect
August 01, 2024  |  Artificial Intelligence

The European Union’s AI Act came into force Thursday (Aug. 1), establishing the world’s first comprehensive regulatory framework for artificial intelligence and setting new compliance...

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