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‘Europe could do it, but it’s chosen not to do it’: Eric Schmidt thinks EU regulation will stifle AI innovation – but Britain has a huge opportunity

Former Google CEO Eric Schmidt has hit out at EU AI regulation, suggesting overburdening rules put European companies at an inherent disadvantage compared to global counterparts. Speaking on the BBC Radio 4Today program, Schmidt said a combination of factors are hampering AI innovation in the region, including restrictive regulation and the natural “structure” of European markets. Reflecting on his time…