Tag: European Union

EU launches €200B AI fund to rival global tech giants

BRUSSELS: The European Union has just made history by announcing the biggest AI investment ever—€200 billion—to push Europe to the forefront of artificial intelligence. The InvestAI initiative, unveiled by European Commission President Ursula von der Leyen, aims to create European AI champions capable of competing with the U.S. and China. This massive investment will support […]

EU Parliament greenlights world’s first comprehensive AI law

The EU Parliament has approved the first comprehensive framework in the world aimed at constraining the risks associated with artificial intelligence (AI). This field has witnessed exponential growth, leading to significant profits but also igniting concerns regarding bias, privacy, and the future of humanity. The AI Act operates by categorizing products based on risk levels […]

European Union condemns violence, threats against journalists: Josep Borrell

Brussels: Josep Borrell, representing the European Union, strongly condemns violence against journalists, whether by governments, groups, or individuals. He insists on accountability for these crimes, regardless of where they occur. Also read: 500 employees laid off in Tesla Charging Division On World Press Freedom Day, Borrell highlights the importance of journalists’ work in 2024, honoring […]

EU to phase out new combustion engine cars by 2035

London: European Union lawmakers have reached a political agreement on stricter CO2 emission performance standards for new cars and vans to move towards zero-emission mobility. The legislation will effectively ban the production of new combustion engine cars and vans from 2035, pushing the countries towards a fully electric future. The key requirements are that, by 2030, […]

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