In a groundbreaking move in early December, the # European Council and the European Parliament reached a provisional agreement on the text of the EU's new Artificial Intelligence Act, marking a significant development.
By fostering innovation and propelling Europe to the forefront of the industry, this regulation represents a major step towards safeguarding democracy, environmental #sustainability, human rights, and the rule of law from high-risk artificial intelligence. The Act imposes obligations for AI in accordance with the technology's impact and potential risks.
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Cyprus emerging as top FDI destination in Europe, says Invest Cyprus CEO
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors.
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