EU-AI: Council of European Union to focus on AI, Digital Identity

With the field’s estimated contribution to the global economy by 2030 set to reach the combined GDP of India and China, excellence in this industry has the potential to shape not only the future economy of nations but even their geo-political standing. Due to this drive to be a part of the economy of the future via the Industrial Revolution 4.0, these burgeoning industries have drawn the attention of entire blocs with an eye to stay ahead of the times. 

Czech Presidency to focus on AI and related industries

The first of July saw the Czech Republic taking over the presidency of the Council of the European Union from France with this conferring it the ability to set the EU’s political agenda for the coming six months. 

Dissimilar to the French administration, which zeroed in on regulation that looked to control non-European organisations working in the EU like Big Tech firms and large-scale cryptocurrency exchanges such as Binance, the Czech Republic will be focusing on new regulation that will ensure that EU organisations approach two main policy branches; the accessibility of strategic raw materials vital for IT supply chains and comprehensive digitization and automation.

The...