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flag 10 EU tech firms urge EU to harmonize AI regulations to prevent a GDP decline of up to 10%.

flag An open letter from major tech firms, including Meta and Spotify, warns the EU of economic decline due to inconsistent AI regulations. flag The companies argue that Europe's fragmented decision-making jeopardizes its competitiveness and risks a GDP loss of up to 10%. flag The letter calls for harmonized and clear data privacy rules to allow effective AI training, highlighting recent GDPR decisions that have created regulatory uncertainty, causing delays in product launches.

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