Meta says it won't sign Europe AI agreement, calling it an overreach that will stunt growth

Meta Platforms has announced its decision not to endorse the European Union's code of practice for artificial intelligence, labeling it an overreach that could hinder company growth. In a recent LinkedIn post, Joel Kaplan, the global affairs chief at Meta, expressed his concerns, stating, "Europe is heading down the wrong path on AI." Kaplan highlighted that the proposed code introduces various legal uncertainties for developers of AI models and encompasses measures that exceed the intentions of the AI Act. The European Commission recently unveiled the finalized version of this code, which is set to take effect next month. This framework is designed to ensure compliance with the AI Act that was passed by European lawmakers in the previous year, focusing on enhancing transparency and safety within the AI sector. Meta is not alone in its opposition to the EU's AI regulations. Other prominent companies, including ASML Holding and Airbus, have also voiced their concerns in a letter advocating for a two-year postponement of the code. Conversely, OpenAI has committed to sign the code of practice, indicating a divide among tech giants regarding the new regulations. Kaplan reiterated that he shares the concerns of other businesses, asserting that the EU's approach could stifle the innovation and deployment of advanced AI models in Europe, ultimately affecting local companies aiming to capitalize on these technologies. Kaplan, who took over as global affairs chief from Nick Clegg earlier this year, has a background in U.S. policy, having previously served as vice president at Facebook and as a staff member in President George W. Bush's administration. As the debate continues, the future of AI regulation in Europe remains uncertain, with significant implications for the technology landscape.