Tech giants and business executives, Meta, Patrick Collison of Stripe, Spotify, SAP, and Ericsson amongst many others, have written an open letter to make the European Union aware that it risks losing out in the artificial intelligence (AI) era owing to what it termed fragmented legislation.

The letter demands that the laws of the EU be harmonized straight away and poses that Europe will lose out if different regulatory frameworks persist.

The letter states that ethically created open AI technology is expected to foster economic growth and boost the facilitation of advancements in scientific research. EU cannot afford to let go the massive benefits of the open AI technology.

To achieve this EU data regulations should ideally have transparent, quick, consistent and harmonious decisions for the data to be rightly used in AI training for the development and enrichment of the European citizen.

Last week, Ireland’s Data Protection Commission said it had opened an investigation into whether Google complied with European Union data protection rules in developing one of its artificial intelligence models.

Earlier this month, a High Court dispute between X formerly known as Twitter and the DPC over the use of personal data to train AI systems was settled.

Following DPC concerns Meta declared in June that company would pause plans to use personal data to develop AI models.

Later, in the following month, Meta announced that because of the “unsettling nature” of the European regulatory environment, it was going to delay rolling out future EU multimodal AI models.

Multimodal AI models can process data from video, audio, pictures, and text on a range of platforms.