About UsPartnership ProgramAI Solution
Industry
AutomotiveHospitalityGovernmentInsuranceFinance

© 2024 Fully AI. All right reserved.

Privacy PolicyTerms of ServiceCookies Settings
Join Waitlist
Join Waitlist

An Open Letter: Fragmented Regulation Could Make the EU Miss Out on the AI Era

At FULLY AI, we're deeply committed to Europe’s success in AI innovation. However, the fragmented and inconsistent AI regulations across the EU are pushing many startups, including us, to consider relocating to the U.S. While we want to remain and innovate in Europe, we need clear, unified regulations to thrive. That's why we've signed an open letter initiated by Meta, calling for urgent regulatory reform to ensure the EU doesn't fall behind in the AI race.

How Fragmented Regulation Is Holding Europe Back

Europe’s current regulatory framework is hindering AI development. The lack of consistency—especially in how GDPR and data protection laws are applied—creates confusion and slows innovation. This uncertainty discourages investment in AI, making Europe less competitive compared to global leaders like the U.S. and China.

Tech companies and researchers need clear rules that enable AI development while maintaining privacy and ethical standards. Without these, the next generation of AI products may not reflect Europe’s unique cultures, languages, and values, leaving Europe behind in a rapidly advancing field.

The Opportunity: Open and Multimodal AI Models

Two major areas of AI innovation are at risk:

  • Open models, which allow companies to freely use and modify AI tools, promoting broad economic growth.
  • Multimodal models, which handle text, images, and speech, offering the next big leap in AI capabilities.

Without harmonized regulations, Europe risks missing out on these advancements. Research shows Generative AI could increase global GDP by 10% over the next decade—Europe should be part of that growth.

The Need for Unified AI Regulations

Regulatory fragmentation, particularly around GDPR and European Data Protection Authorities, is slowing down AI innovation. Companies like FULLY AI need clear, consistent rules to confidently invest in new technologies. A harmonized approach would enable AI to flourish within the single market, drive economic growth, and position Europe as a global AI leader.

We are proud to be listed alongside the following innovators, bright minds & organizations.

Final list of Co-Signatories

Companies:
EssilorLuxottica, Spotify, SAP, Thyssenkrupp, Publicis, Engineering, Ericsson, Prada, Meta, Klarna, Pirelli, Mirakl, Criteo, Salestube, Nabla, Audeering, Exor Group, Federico Marchetti (YOOX), Patrick Collison (Stripe), Artefact, Campus AI, Photoroom, Taxfix, Fully Ventures, Unbabel, 8vance, Adaptive ML, GGML, Kornia.AI, Quansight, Flower Labs, Bineric.AI, EsTech, METLEN

Researchers:
Marco Baroni (ICREA), Hosuk Lee Makiyama (Director of ECIPE), Nicolò Cesa-Bianchi (Università degli Studi di Milano), Stefano Iacus (Senior Research Scientist, Harvard University), Joseph Sivic (Czech Institute Of Technology), Patrick Perez (Kyutai), Eugenio Valdano, PhD (Sorbonne/Inserm)

Civil Society and Trades organizations:
Institute for Competitiveness, Consumer Choice Centre, La Villa Numeris, Digital Poland Association, InfoBalt, Czech Institute of Technology, Benedict Macon-Cooney, Chief Policy Strategist, Tony Blair Institute

A Call for Action

FULLY AI joins others in calling for modernized, consistent regulations across the EU. We believe that with the right framework, Europe can lead in AI innovation. But time is running out. The EU must act now to prevent falling further behind in the AI era.

We urge policymakers to ensure that Europe remains a competitive hub for AI innovation, unlocking the potential for scientific research, economic growth, and technological advancement while preserving European values.

More information on the official website: www.EUneedsAI.com

Share on
Facebook
LinkedIn
X

Other news

Human-AI Interactions in the Physical World

A letter from the CEO about the intended acquisition of FULLY AI and what this means for the future of physical AI in the food service segment.
Learn more

The Evolution of Fully AI: A Year of Iteration, Learning, and Growth

It’s been a whirlwind year for our team at Fully AI, but every step we’ve taken has been guided by one core goal: to make your experience with AI agents seamless, secure, and impactful.
Learn more

Comparing AI Agents with Traditional Chatbots: Redefining Customer Experience

As technology continues to transform the customer service landscape, businesses face a critical decision: embrace the familiarity of traditional chatbots or invest in the cutting-edge capabilities of AI agents. While both tools aim to enhance customer interactions, AI agents have emerged as a superior alternative, offering advanced functionality, emotional intelligence, and a transformative approach to online engagement. This article explores the key differences, benefits, and future potential of AI agents compared to traditional chatbots, highlighting their impact on customer satisfaction and loyalty.
Learn more

Be the first to access exclusively validated AI Agent Solutions

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Feel free to reach out if you want to collaborate with us, or simply have a chat

hello@gofully.ai
Company
About UsPartnership ProgramNewsroom
AI Solution
For AutomotiveFor Car RentalFor Insurance AgentsFor Hiring / HRFor RestaurantsFor LawyersFor Goverments
Blog
BlogBlogBlogBlog
Follow
Twitterlinkedin
© 2024 Fully AI. All right reserved.
ImprintPrivacy PolicyTerms of ServiceCookies Settings
Go to top