Europe to miss out on AI advances due to 'inconsistent' regulations, tech giants warn

Cohort said EU would miss out on key cornerstones of AI innovation without consistent rules

The cohort of tech firms and signatories said the EU's ability to compete with the rest of the world on AI and reap the benefits of open-source models rests on its single market and shared regulatory framework. 

Some of the world's largest tech companies have called on the European Union to provide regulatory certainty on AI, warning that the region risks falling behind due to "inconsistent" decision-making.

In an open letter published in the Irish Examiner signed by Meta, Spotify, SAP, Klarna, Patrick Collison of Stripe and several others, it said the EU would miss out on key cornerstones of AI innovation without consistent rules.