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Paris Prosecutors Investigate Elon Musk’s X Over Alleged Algorithmic Bias

Key Points Paris prosecutors have launched an investigation into X over alleged algorithmic distortions following a complaint from French MP Eric Bothorel. Authorities suspect X’s algorithms may have been manipulated to distort automated data processing. Cybercrime experts are conducting technical checks to assess potential violations. The case could influence future regulations on AI-driven social media algorithms worldwide. Paris prosecutors have launched an investigation into the social media platform X, owned by Elon Musk, over allegations of algorithmic distortions. According to...

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ECB Pushes for Digital Euro Amid Trump’s Support for Stablecoins

Key Points The ECB sees Trump’s support for U.S. dollar-backed stablecoins as a catalyst for accelerating digital euro legislation. The European Commission proposed digital euro legislation in June 2023, but progress has been slow. Cipollone warns that spreading U.S. stablecoins in Europe could divert deposits to U.S. financial institutions. Many countries are progressing with central bank digital currencies (CBDCs), while Trump has blocked the Federal...

Global Leaders Gather in Paris for AI Action Summit Amid US-China Tensions

Key Points Paris will host the AI Action Summit on February 10-11. The summit will focus on AI’s economic impact and include leaders from over 100 nations and top tech executives. Discussions center on open-source AI models, clean energy, and global AI competitiveness. The U.S. stance remains uncertain following Trump’s policy reversals and AI-related debates. A $500M investment in AI public-interest projects and clean-energy AI...

EU AI Act Takes Effect, Imposing Strict Regulations and Heavy Fines

Key Points The EU has begun enforcing the AI Act with strict compliance requirements. For violations, companies face fines of up to €35 million or 7% of global revenue. Banned AI applications include social scoring, real-time facial recognition, and manipulative AI tools. The EU AI Office is developing detailed compliance guidelines. The European Union has officially begun enforcing its groundbreaking Artificial Intelligence (AI) law, marking...

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