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Tech giants and startups join forces to call for simpler EU rules on AI, data
As the AI Summit got underway in Paris on Monday, some 60 European companies — from incumbent industrial giants to AI startups (including France's
Perhaps counterintuitively, the initiative is being led by the European arm of a U.S. VC, General Catalyst, driven by the idea that Europe’s approach to AI has been overly complicated and dragged down by regulation. Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst, told TechCrunch that established companies and startups have come together to “lean into the adoption of AI”. Ziv Reichert, partner at Phoenix Court, home to LocalGlobe and Latitude funds, also said: “The EU’s AI Champions Initiative builds on discussions that have long been taking place at both national and enterprise levels.
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