The letter signed by 49 companies and researchers argues that EU rules are damaging AI development — but is this really all about Meta’s battle to promote its Llama large language model?

Swedish telecoms kit vendor Ericsson was among 59 companies to endorse a letter to Eurocrats warning of the dangers of fragmented regulation on artificial intelligence.

The Facebook parent and other companies are warning in an open letter that the regulations risk hampering innovation and economic growth.

Tech firms, including Meta and Spotify, on Thursday warned the European Union (EU) about the risks of overregulating the AI sector, which would likely stifle innovation. In an open letter that was also endorsed by Italian luxury fashion brand Prada,