Their power has also sparked alarm.
Critics warn thatFMs can amplify inequalities, spread inaccurate information, and leave huge carbon footprints.
The new principles are designed to mitigate these risks.
Yet they also aim to spur innovation, competition, and economic growth.
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At the cornerstone of the blocs vision is the landmark AI Act thefirst-ever comprehensive legislation for artificial intelligence.
The rulebook has won praise from safety experts, but criticism from businesses.
Notably, the UK government has also publicly criticised the EUsAIregulation.
At the foundation of this approach is a principles-based framework.
Its an approach thats raised suspicions among AI ethicists, but praise from businesses.
Mills also praised the CMAs collaboration with thetechsector.
However, not everyone is so impressed by the approach.
The result is a gap between high-minded principles and technological practice.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
