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Wall Street stocks soar on US-China tariff reprieve


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The article from the Financial Times discusses the ongoing debate over the regulation of artificial intelligence (AI) in the European Union. EU lawmakers are pushing for stricter rules to address the potential risks posed by AI technologies, particularly in areas such as biometric surveillance and the use of AI in hiring processes. The proposed AI Act aims to categorize AI systems based on their level of risk, with high-risk systems facing more stringent requirements. However, there is contention among member states and industry stakeholders about the scope and impact of these regulations, with some arguing that overly restrictive rules could stifle innovation. The European Commission is working to finalize the legislation, balancing the need for safety and ethical considerations with the desire to foster technological advancement.

Read the Full The Financial Times Article at:
[ https://www.ft.com/content/44b6817b-12a9-47c9-9ab0-5b906c7eacaf ]