{"id":120470,"date":"2023-10-23T09:52:57","date_gmt":"2023-10-23T09:52:57","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=120470"},"modified":"2023-10-23T09:52:57","modified_gmt":"2023-10-23T09:52:57","slug":"ceo-of-3-4bn-firm-tells-pm-to-slash-eu-red-tape-and-seize-new-brexit-win","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/politics\/ceo-of-3-4bn-firm-tells-pm-to-slash-eu-red-tape-and-seize-new-brexit-win\/","title":{"rendered":"CEO of \u00a33.4bn firm tells PM to slash EU red tape and seize new Brexit win"},"content":{"rendered":"

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Britain is “better off outside the European Union”, one of the co-founders of Facebook has said, urging PM Rishi Sunak to make the most of the UK\u2019s hard-won Brexit freedoms.<\/p>\n

Dustin Moskovitz, who is now the CEO and majority owner of software firm Asana, worth an estimated \u00a33.4billion, tipped the UK to become a world leader in the field of artificial intelligence (AI) – leaving the bloc trailing in its wake.<\/p>\n

Mr Moskovitz, 39, who became the world\u2019s youngest billionaire, aged just 27, in 2011 after selling his two percent stake in the social media giant, was speaking in advance of a UK-organised major summit bringing together 100 technology leaders at Bletchley Park in Bedfordshire.<\/p>\n

Declaring it to be \u201cbetter that the UK is out of the EU\u201d when it came to harnessing the power of AI, Mr Moskovitz said he was \u201cfar more concerned about regulatory friction\u201d within the EU27 countries.<\/p>\n

Referring to algorithms such as OpenAI\u2019s ChaptGPT, he continued: \u201cThe UK is talking about AI in more appropriate ways. The EU could ban large language models completely.<\/p>\n

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Von Der Leyen reveals plans to boost EU artificial intelligence<\/h3>\n

\u201cThey\u2019re not compatible with GDPR [General Data Protection Regulation] and the right to be forgotten.<\/p>\n

“So you either ignore that law or you need a new one.\u201d<\/p>\n

Britain was \u201ctaking a much more forward approach on developing the technology and acting more like leaders who want to find the way forward\u201d, he stressed.<\/p>\n

Separately, an independent report published on Friday by Oxford Information Labs suggested the AI Standards Hub, launched last October, was already bolstering the UK\u2019s position in the AI race.<\/p>\n

<\/p>\n

Almost 70 percent of participants confirmed that the Hub has empowered the UK AI community to influence and participate in setting standards, and 67 percent considered the Hub as the top coalition in the UK for promoting international discussions in AI standards.<\/p>\n

Speaking last week, Downing Street said it was \u201cconfident\u201d key players will attend the Bletchley Park event despite reports German Chancellor Olaf Scholz may skip it.<\/p>\n

Mr Sunak hopes the summit on AI safety will cement the UK’s status as a leading world player in cutting-edge technology.<\/p>\n

However, it is not yet clear which international leaders will attend the gathering at Bletchley Park in November which is intended to discuss how to ensure AI can be used safely around the world.<\/p>\n