The EU risks being left behind in AI, as it was in the social media revolution. This suggestion was made by Rony Medaglia, professor at Copenhagen Business School, at a workshop yesterday in Dubai (16 March), which showcased leading European healthcare AI projects as well as the EU's approach to AI. The block missed out on the innovations of social media and failed to play a leading role, a position held by North America and Asia, Medaglia argued, saying that now is the time for the EU to leverage its value-based approach. "Europe is always the one that comes and gives fines to the ones who break trust," he said. But it needs to be a player.

These are amongst the first detailed legislative proposals to be published internationally, so make for interesting reading for stakeholders worldwide. For AI product producers, these ideas merit careful consideration. Next year, the European Commission said it would issue draft regulations on AI. The Commission could well adopt any of the European Parliament's proposals, or variants on them. Affected stakeholders will have opportunities to engage with any new AI laws during the normal legislative process, but efforts to understand how these proposals could affect your company should start now.