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The European Central Bank's Frank Elderson is urging euro area banks to immediately prepare for potential cyberattacks powered by Anthropic's Mythos AI model. Despite lacking access to the tool, Elderson emphasized that inaction is not an option as banks must brace for increasingly aggressive AI-driven cyber warfare. Large U.S. banks with early Mythos access are already rushing to fix data system vulnerabilities.
Spain's Digital Transformation Minister Óscar López says the country will push ahead with strict social media and AI regulations despite mounting pressure from American tech companies. The regulatory package includes bans on social media for under-16s, personal liability for executives, and restrictions on high-risk AI systems and deepfakes.
Meta has offered rival AI chatbot developers including OpenAI one month of free access to WhatsApp's Business API in Europe as it tries to resolve an antitrust investigation by the European Commission. The move comes after EU regulators signaled they were preparing to order Meta to open WhatsApp to competing AI services, with potential fines reaching up to 10% of the company's global annual revenue at stake.
The European Union is advancing sweeping regulations to protect children from social media's addictive features. EU Commission President Ursula von der Leyen announced the Digital Fairness Act, targeting TikTok, Meta, and X for endless scrolling, autoplay, and push notifications. The bloc may also introduce a minimum age requirement for social media access as early as this summer.
Google Finance is now available across Europe with full local language support, bringing AI-powered research capabilities and live earnings call analysis to users. The expansion follows successful launches in the US last August and India in November, as part of Google's plan to reach 100 countries. The platform offers advanced visualizations, real-time market intelligence, and AI-generated insights to help users navigate financial markets.
Arjan Brussee, Guerrilla Games co-founder and former Epic director, is developing The Immense Engine as a fully European alternative to Unreal and Unity. The European-hosted game engine will integrate AI agents from the ground up, with Brussee claiming smart frameworks could enable small teams to do the work of ten or fifteen people.
The EU reached a provisional agreement to delay key AI Act compliance deadlines until December 2027, responding to industry concerns about overlapping regulations. The deal also introduces an outright ban on AI-generated non-consensual intimate imagery and child sexual abuse material, following global backlash over tools like xAI's Grok chatbot.
Sergei Vassilvitskii, Google's distinguished scientist, has warned the European Commission that its proposed anonymisation method for search data sharing is vulnerable to re-identification in less than two hours. The EU's Digital Markets Act requires Google to share search engine data with rivals like OpenAI by July 27, but the company's AI red team demonstrated critical flaws in the privacy safeguards.
An Ipsos BVA survey reveals nearly one in two young Europeans aged 11 to 25 use AI chatbots to discuss intimate or personal matters. With 51% finding it easier to talk mental health with AI than psychologists, the trend exposes a widening gap in accessible care. Experts warn that while chatbots offer constant availability, they're optimized for engagement, not therapy.
Denmark's grid operator Energinet has paused all new large-scale grid connection agreements after requests hit 60 GW—nearly nine times the country's peak demand of 7 GW. With AI data centers accounting for 14 GW of pending requests, the moratorium highlights how even renewable energy leaders are struggling to meet the explosive electricity demands of AI infrastructure.
Euro-area finance ministers will convene Monday to address challenges posed by Anthropic's Mythos AI model, a tool so powerful it can enable dangerous cyberattacks. No EU government has access to the system, creating a competitive disadvantage as the White House blocks expansion while the NSA uses it internally.
Italy's competition authority has closed investigations into three AI companies after securing binding commitments on transparency around AI hallucinations. DeepSeek, Mistral AI, and Nova AI must now display permanent warnings about inaccurate or misleading content, setting a new benchmark for consumer protection in AI chatbot services across Europe.
EU member states and European Parliament lawmakers failed to reach agreement on proposed changes to the landmark AI Act after 12 hours of negotiations. The talks collapsed over disputes about sectoral exemptions for industries already regulated under product safety rules. With the August 2026 compliance deadline looming, the failure creates regulatory chaos for European companies while potentially benefiting Big Tech.
The European Union is expanding its Digital Markets Act (DMA) to cover cloud and artificial intelligence services, marking a significant shift in regulatory focus. EU regulators are investigating whether Amazon and Microsoft should be designated as gatekeepers for their cloud computing operations, aiming to ensure fairer competition in these rapidly growing digital sectors.
More than 700 workers at Meta contractor Covalen in Dublin face layoffs as the company reduces demand for AI training services. The cuts come just days after Meta announced plans to eliminate 10% of its global workforce, with affected employees—many of whom spent their days refining AI models—now confronting a labor market being reshaped by the very technology they helped build.
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