Chris Horn: Will regulation help or hinder AI innovation in Europe?
Altman later retracted his position in a tweet at the end of his tour, stating that he is in fact excited to continue to operate in Europe and has no plans to leave.to the European Commission, European Council and European Parliament expressing deep concern about the proposed legislation was signed by 160 senior executives from across Europe, including leadership from Airbus, Dassault Systèmes, Deutsche Telekom, E ON, Renault and Siemens – although no executive in Ireland.
Three of the less well-known signatories to the letter are Timothée Lacroix, Guillaume Lample, and Arthur Mensch. They are co-founders of Mistral AI, a Parisian start-up. They launched their company in mid May and just four weeks later they had raised an astonishing €105 million in venture capital, valuing their company at more than €260 million – one of the fastest and highest fund raises in Europe.
Mistral’s trained models and data will be made fully open source, thus allowing others to duplicate them, unlike the restrictions imposed by its competitors Perhaps the answer is: because of regulation. Mistral has asserted that it intends to be fully compliant with the imminent EU AI Act, including only using publicly available data for its training materials, and abiding by all applicable copyright protections. This would certainly differentiate it from its American competitors, at least at this time when the American systems have already been extensively trained with apparent casual regard for legal protection of content.
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