European AI firms warn slowing frontier AI would cement U.S. lead, push back on calls for brakes
• Major European AI companies are opposing calls from U.S. labs to slow the development of frontier AI, which refers to the most advanced and powerful AI models. • Prosus data shows a stark investment gap, with the United States capturing 77 percent of global AI venture investment in 2023 compared to Europe's 11 percent. • European firms warn that new evaluation rules and cooperation frameworks could increase costs for smaller developers and permanently cement the U.S. lead in the market.
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