Introduces EU Competition Commissioner Teresa Ribera and asks about her message to big tech CEOs regarding AI regulation.
David
Teresa Ribera
We need AI development but must prevent excessive concentration of power that undermines competition and innovation.
Asks about balancing regulation with the need to compete globally, especially against China.
David
Teresa Ribera
Security, ethics, and development must go together; interoperability and access to data are key for fair competition.
Questions whether EU regulation has actually changed big tech company structures.
David
Teresa Ribera
EU regulation has been successful in creating level playing field, benefiting small American companies and consumers.
Asks if Iran war proves US bet on clean energy was right given vulnerability to oil/gas prices.
David
Teresa Ribera
Countries with more electrification and clean electricity are better positioned today.
Teresa Ribera
We've witnessed destruction of oil/gas production equivalent to 1970s crises plus Ukraine invasion impact.
Teresa Ribera
This explains why markets react positively to hopes of slowdown and negatively to renewed bombing.