CEOs of Meta and Spotify have expressed concerns about the strict artificial intelligence regulations in the European Union. Mark Zuckerberg and Daniel Ek criticized the EU's approach to AI regulation, particularly in open-source AI development. They argue that the current regulatory environment hinders innovation and global competitiveness for European companies. Ek emphasized AI's importance in Spotify's success, but fears that EU regulations could impede open-source AI development crucial for industry growth. Meta, parent company of Facebook and Instagram, faces challenges training AI models due to unclear legislation on public data use. Meta has postponed releasing new AI models, like the Llama multimodel, due to regulatory uncertainties. Legal actions against tech giants like Meta and Google highlight the ongoing debate on AI data usage and privacy in the EU. Read more AI-generated news on: https://app.chaingpt.org/news