Europe's biggest tech CEOs form lobby group to von der Leyen

Seven of Europe's largest tech companies — Airbus, ASML, Ericsson, Mistral, Nokia, SAP, and Siemens — have formed a permanent lobby group called European Tech Creators with direct access to European Commission President von der Leyen. The group, representing €417 billion in annual revenue and nearly a million employees, is pushing for faster deregulation, easier mergers, and a completed single market. Shortly after their April meeting with von der Leyen, the EU moved toward amending the AI Act, postponing high-risk AI obligations by 16 months. The arrangement has drawn conflict-of-interest criticism, particularly around von der Leyen's appointment of Siemens chairman Jim Hagemann Snabe as the EU's special envoy for industrial AI. The group argues Europe risks falling irreversibly behind the US and China in AI if it doesn't act faster.

Source: https://thenextweb.com/news/europes-biggest-tech-ceos-have-formed-a-standing-lobby-group-with-a-direct-line-to-von-der-leyen. 8 Sync News only summarizes and links out; content copyright belongs to the authors and original sources.