Bosch CEO warns Europe against regulating 'itself to death' on AI
FRANKFURT, June 25 (Reuters) - Bosch (ROBG.UL) CEO Stefan Hartung warned on Wednesday that Europe risks hindering its progress in artificial intelligence compared with other parts of the world through over-regulation.
"Europe is unnecessarily delaying its AI future with excessive regulation," said Hartung at a tech conference the German firm is hosting in the south-western city of Stuttgart.
Bosch, which holds most of the AI patents in Europe, plans to invest an additional 2.5 billion euros ($2.90 billion) by the end of 2027 in the field.
The German car parts supplier is working on AI solutions for autonomous driving and more efficient industry systems, among other applications.
The combination of bureaucracy and strict, but also vague, requirements makes Europe comparatively less attractive, said the CEO.
Hartung recommended that lawmakers limit themselves to a framework covering only the most important points.
Otherwise "we will regulate ourselves to death, because we are trying to regulate against technological progress," he said.
Pressure to keep up in the race to develop AI has grown since U.S. President Donald Trump announced a private sector investment of up to $500 billion to fund infrastructure for AI in January.
The EU shortly after unveiled plans to mobilise up to 200 billion euros for the sector.
($1 = 0.8618 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
13 minutes ago
- The Independent
How AI is becoming a ‘game changer' for teachers
A sixth-grade math teacher turned to ChatGPT to inject new life into her geometry lessons. Ana Sepúlveda wanted to make geometry fun and believed her students, 'who live and breathe soccer' would be interested to learn how mathematical concepts apply to the sport. Within moments of asking ChatGPT for help, the AI delivered a comprehensive five-page lesson plan, complete with a captivating theme: "Geometry is everywhere in soccer — on the field, in the ball, and even in the design of stadiums!" The plan detailed the significance of shapes and angles on a soccer pitch, proposed classroom discussions on their importance, and outlined a practical project for students to design their own soccer fields or stadiums using rulers and protractors. 'Using AI has been a game changer for me,' said Sepúlveda, who teaches at a dual language school in Dallas and has ChatGPT translate everything into Spanish. 'It's helping me with lesson planning, communicating with parents and increasing student engagement.' Across the country, artificial intelligence tools are changing the teaching profession as educators use them to help write quizzes and worksheets, design lessons, assist with grading and reduce paperwork. By freeing up their time, many say the technology has made them better at their jobs. A poll released Wednesday by Gallup and the Walton Family Foundation found 6 in 10 US teachers working in K-12 public schools used AI tools for their work over the past school year, with heavier use among high school educators and early-career teachers. It surveyed more than 2,000 teachers nationwide in April. Respondents who use AI tools weekly estimate they save them about six hours a week, suggesting the technology could help alleviate teacher burnout, said Gallup research consultant Andrea Malek Ash, who authored the report. States are issuing guidelines for using AI tools in classrooms As schools navigate concerns over student abuse of the technology, some are also are introducing guidelines and training for educators so teachers are aware of avoiding shortcuts that shortchange students. About two dozen states have state-level AI guidance for schools, but the extent to which it is applied by schools and teachers is uneven, says Maya Israel, an associate professor of educational technology and computer science education at the University of Florida. 'We want to make sure that AI isn't replacing the judgment of a teacher,' Israel said. If teachers are using chatbots for grading, they should be aware that the tools are good for 'low-level' grading like multiple choice tests but less effective when nuance is required. There should be a way for students to alert teachers if the grading is too harsh or inconsistent, and the final grading decision needs to remain with the educator, she said. About 8 in 10 teachers who use AI tools say it saves them time on work tasks like making worksheets, assessments, quizzes or on administrative work. And about 6 in 10 teachers who use AI tools said they are improving the quality of their work when it comes to modifying student materials, or giving student feedback. 'AI has transformed how I teach. It's also transformed my weekends and given me a better work-life balance,' said Mary McCarthy, a high school social studies teacher in the Houston area who has used AI tools for help with lesson plans and other tasks. McCarthy said the training she received from her school district on AI tools has helped her model proper use for her students. 'If I'm on the soapbox of, 'AI is bad and kids are going to get dumb,' well yeah if we don't teach them how to use the tool,' said McCarthy. 'It feels like my responsibility as the adult in the room to help them figure out how to navigate this future.' Teachers say the technology is best used sparingly Views on the role of artificial intelligence in education have shifted dramatically since ChatGPT launched in late 2022. Schools around the country initially banned it, but since then many have sought ways to incorporate it into classrooms. Concerns about student overuse and misuse are still prevalent: About half of teachers worry that student use of AI will decrease teens' ability to think critically and independently or to have persistence when problem solving, according to the study. One benefit teachers see in becoming more familiar with artificial intelligence is the ability to spot when students are overusing it. Clues that assignments are written by AI tools include an absence of grammatical errors and complex phrases in writing, said Colorado high school English teacher Darren Barkett. He said he relies on ChatGPT himself to create lesson plans and grade multiple choice tests and essays. In suburban Chicago, middle school art teacher Lindsay Johnson said she uses only AI programs vetted by her school and deemed safe to use with minors, for data privacy and other concerns. To ensure students feel confident in their skills, she said she brings the technology in only for later stages of projects. For her 8th graders' final assessment, Johnson asked them to make a portrait of an influential person in their lives. After students put final touches on their subject's face, Johnson introduced generative AI for those who wanted help designing the background. She used an AI tool within Canva, after checking with her district's IT department that the design software passed its privacy screener. 'As an art teacher my goal is to let them know the different tools that are out there and to teach them how those tools work,' she said. Some students weren't interested in the help. 'Half the class said, 'I've got a vision, and am going to keep going with it.''
Sky News
14 minutes ago
- Sky News
Former EE chief Allera joins team at CVC sports empire
The former boss of mobile phone network EE is taking on a powerful new role at the heart of a sports portfolio which includes interests in Six Nations Rugby, Spanish top-flight football and the women's global tennis tour. Sky News has learnt that Marc Allera, who stepped down as the boss of BT Group's consumer business earlier this year, has been appointed chairman of CVC SportsCo, a new entity aimed at providing more cohesive support to the buyout firm CVC Capital Partners' investments across the sector. The establishment of the new operating and investment group concept comes as CVC, the Amsterdam-listed private equity group, continues to diversify its sporting asset base. Having made billions of dollars from its ownership of Formula One motor racing - one of the most lucrative deals in the history of sport - CVC has bought stakes in leagues and other assets spanning cricket, football, rugby union, tennis and volleyball over the last two decades. Its investment in the media rights to La Liga - Spain's equivalent of the Premier League - is expected to generate a handsome return for the firm, although a comparable deal in France has faced significant challenges amid broadcasters' financial challenges in the country. CVC's backing of global sports properties is intended to position it to maximise their commercial potential through new media and sponsorship rights deals, as well as their expansion into new formats aimed at drawing wider audiences amid rapid shifts in media consumption. In rugby union, its acquisition of a stake in Premiership Rugby's commercial rights was hit by the pandemic and the subsequent financial pressures on clubs which saw a number of the league's teams forced into insolvency. Sky News revealed earlier this year that CVC had extended further support to Newcastle Falcons as part of a broader financial package aimed at paving the way for the team's sale. Red Bull is reported to be the acquirer of Newcastle Falcons, with a deal expected imminently. CVC, which bought into Premiership Rugby in 2019, owns a 27% stake in the league. Under its stewardship, broadcast audiences and attendances have turned a corner, with total TV audiences up 40% this year - partly as a result of an increase in the number of games being shown. It recently agreed a more lucrative TV rights deal for the league. Sponsorship revenues are also said to have nearly doubled since CVC's initial investment, with fan interest among the crucial 18-34 age demographic rising by 30% during the last year. Its SportsCo strategy will see Mr Allera, who also chaired BT Sport, working across the CVC sports portfolio, with other executives expected to be recruited to assist the effort in due course. One source likened the initiative to the approach employed by the luxury goods conglomerate LVMH. They added that there would be parallels with the sharing of best practice used at US basketball's NBA through its TeamBusinessOperations (TeamBO) unit to unlock collective opportunities and drive further long-term growth projects. CVC's sporting assets will continue to remain autonomous and independent of one another, the source said. One expected benefit of the SportsCo approach would be the sourcing of new investment opportunities in future years, with another likely to mean CVC remaining a stakeholder in its existing portfolio for a longer duration. The firm was recently outbid in an auction of major tennis tournaments by Ari Emanuel, the Endeavor founder whose company was also the seller of the assets. Global sports properties have become one of the hottest growth areas for private capital in recent years, with firms such as Ares Management, Silver Lake Partners and Bridgepoint all investing substantial sums in teams, leagues and other assets across the industry. Mr Allera already has connections to CVC as chairman of JagEx, the mobile gaming business it bought last year, and as a broader adviser to the private equity firm.
The Sun
17 minutes ago
- The Sun
Passengers could soon take a free cabin bag on flights – as EU set to change carry-on rules
PASSENGERS flying on EU airlines might not have to pay for fees for carry-on bags up to 7kg under new rules. On June 25, the EU Parliament transport committee put forward a new law to ban additional fees for small carry-on bags. 3 If the new law is approved, passengers flying on any EU airline will be allowed a free cabin bag to put in the overhead locker. The conditions are that the bag can weigh up to 7kg and is no more than 100cm. Passengers will also be allowed to bring one smaller personal item that can fit under a seat on the flight. The new rule would apply to all flights between the EU and the UK and flights within the EU itself. Due to varying rules across airlines, the European Parliament hopes to create a common standard across the board for carry-on luggage. The bad news is that some airlines have warned that the proposed rule change could force up ticket fares. It could potentially impact all passengers, including those travelling with smaller bags. Airlines for Europe Managing Director Ourania Georgoutsakou told Politico: 'The European Parliament should let travellers decide what services they want, what services they pay for and, importantly, what services they don't.' Airlines for Europe also warned that its members won't be able to comply with the new rule due to lack of space. A typical cabin seats 180 passengers but has room for only 90 trolley bags in the overhead lockers. Primark launches new range of cabin bags on wheels - they're approved by all budget airlines & there's matching carry-ons too The EU transport committee also agreed during the meeting that airlines should be prohibited from charging a seat selection fee for children up to the age of 12. It also wants to introduce a common form for compensation and reimbursement requests. Last year, there were reports that there were going to be changes to the hand luggage rules - but these did not change. Speaking to The Independent at the time, Michael O'Leary, chief executive of Europe's biggest budget carrier, Ryanair said: "We do think there should be a standardised agreement on what can be brought on board. "We're working with the other airlines in A4E to try to agree standardised sizes, but we haven't reached an agreement with them yet." While the rules continue to be discussed, check out this popular travel bag that's allowed on Ryanair flights for free. Plus the travel bags, plane outfits and accessories we can't live without – and they start from just 99p. Expert opinion on what the new rules mean for you Head of Travel (Print) Lisa Minot weighs in. EUROPEAN plans to force all airlines to allow passengers to bring a bag weighing less than 7kg into the cabin as well as an under-seat bag seem on the face of it to be a good outcome for travellers. But there could be a sting in the tail for flyers going forward. Low cost airlines have for years been keeping the price of base fares low by adding on an ever more dizzying array of extra charges. And these ancillary charges now make up an increasing percentage of their profits. These extra charges now make up more than 30per cent of Ryanair's revenue. Between October and December last year, Ryanair's ancillary revenues were worth £884million. Airlines argue that if they are forced to comply with the new laws, the base fares will have to rise for every passenger across the board, including those flying smaller bags. They also point out many airlines won't be able to comply with the new rules as typically planes that carry 180 passengers only have room for 90 trolley bags. But on the plus side, forcing all airlines to adhere to the same rules can only be a good thing. Right now, the disparity between the size and weight of bags and the prices airlines charge is hideously complicated and can often lead to passengers being caught out. 3
