EU Urges U.S. to Pass Tech Regulations for Global Market Harmony

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The European Union’s industry chief has called on the United States to pass new technology regulations, in the hopes of fostering a cohesive digital marketplace across the Atlantic.

The EU is widely considered a leading authority in tech regulation, having passed sweeping pieces of legislation scrutinising the practices of major companies like Google and Meta, including the Digital Markets Act (DMA) and the Artificial Intelligence (AI) Act.

The U.S. has largely relied on existing legislation to regulate the tech giants’ business practices.

We need the same digital regulation. It would be fantastic to have a global digital market. Not only EU, not only U.S., but EU and U.S., Thierry Breton said.

Amid a public outcry over the potential risks of rapidly-advancing AI systems, U.S. President Joe Biden last year rolled out a number of AI-focused executive orders, requiring developers to put their systems through safety tests, and introducing guidelines to help root out deepfake images.

It’s extremely important we align now, Breton added. We share the same values in the U.S. and in Europe, and it would be fantastic.

Breton was speaking at the annual Viva Technology conference in Paris, where leading tech executives and political figures such as ex-Google CEO Eric Schmidt and former U.S. climate envoy John Kerry took to the stage this year.

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Neha Sharma
Neha Sharma
Neha Sharma is a tech-savvy author at The Reportify who delves into the ever-evolving world of technology. With her expertise in the latest gadgets, innovations, and tech trends, Neha keeps you informed about all things tech in the Technology category. She can be reached at neha@thereportify.com for any inquiries or further information.

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