The European Commission has dismissed industry calls to delay the rollout of its landmark AI Act, confirming that the law will proceed according to its legally established timeline.
Despite appeals from major tech firms such as Alphabet, Meta, ASML, and French AI startup Mistral, the European Commission confirmed on Friday that the Artificial Intelligence Act will be implemented as scheduled.
“There is no pause, no grace period, and no stop-the-clock,” Commission spokesperson Thomas Regnier said at a press briefing, responding to recent pressure from tech industry leaders.
Under the timeline, the AI Act's provisions began taking effect in February 2024. Rules for general-purpose AI models will apply starting August 2024, and obligations for high-risk AI systems are set to begin in August 2026.
While the Commission said it plans to simplify some digital regulations by the end of the year — especially easing reporting requirements for small businesses — it remains firm on implementing AI rules without delay.
The AI Act, hailed as a global benchmark for AI regulation, aims to establish safeguards on a fast-moving technology currently dominated by the United States and China. However, some companies have raised concerns about compliance costs and regulatory burdens.
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Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
An artificial intelligence agent running an experimental store in San Francisco has recommended dismissing a human employee after the worker repeatedly arrived late for shifts.
Nvidia is teaming up with some of the biggest names in global finance in a move that underscores how artificial intelligence is rapidly becoming one of the world's most sought-after investment themes.
Parts of Europe and the Arctic will briefly fall into darkness on Wednesday, 12 August, as the Moon passes between Earth and the Sun in a total solar eclipse.
Meta said one of its AI models hacked another company's systems during cybersecurity testing, intensifying concerns about how developers can contain increasingly capable AI systems following similar incidents involving Anthropic and OpenAI.
Scientists say the accidental crash of a discarded SpaceX rocket stage into the moon has provided valuable data on impact cratering while posing no threat to Earth or lunar hardware.
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