France, Italy and Germany Reach Accord on AI Regulations

PYMNTS.com November 19, 2023

Three European countries have reportedly agreed on how artificial intelligence (AI) should be regulated.

Germany, France and Italy have come to an accord on the regulations, Reuters reported Saturday (Nov. 18), saying it is a move that should speed negotiations on the matter.

The report, citing a joint paper by the three nations, said their governments are in favor of voluntary-yet-binding commitments on AI providers in the European Union.

“We have developed a proposal that can ensure a balance between both objectives in a technological and legal terrain that has not yet been defined,” Germany’s State Secretary for Economic Affairs Franziska Brantner told Reuters.

As the report noted, Europe’s Parliament in June unveiled the “AI Act,” created to prevent potential...

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