Hardly any other technology policy problem garnered as much discussion in 2023 as generative artificial intelligence. The historic EU AI Act, which was approved in Europe and is scheduled for publication in the first quarter of 2024, has the potential to establish a future worldwide norm. However, since it won't take effect until 2026, it's still too early to say. Globally, various agreements, like the Hiroshima process, the Biden Executive Order, or the Bletchley Declaration, have been made to forward the governance of artificial intelligence, either through guidelines or through principles and standards of conduct.
In 2024, firms and politicians will be concerned about a number of challenges related to AI, including: how quickly to implement the technology; whose business models, use cases and new devices.
Europe must act decisively in 2024 to achieve open strategic autonomy and long-term competitiveness. This has been the primary objective of the Spanish presidency of the European Council, which the Belgian presidency will carry over into 2024.
With the June elections of the EU Parliament and the election of a new European Commission (EC), a new cycle will begin for the EC. Consolidating a robust, economically competitive, digital, and environmentally friendly one market is the company's goal. Guidance will be provided by the EC-commissioned assessment on the state of the single market, coming in March, from Enrico Letta, President of the Jacques Delors Institute, and Mario Draghi's competitiveness report, anticipated in June.
Europe must rebuild its economy to be competitive and develop the business case for innovation and investment "made in Europe" if it is to advance. It is vital to reduce regulatory barriers to company investment by streamlining regulations and, when needed, enhancing their implementation. The telecom industry, a major force behind innovation and the digital and green transformation in Europe, requires targeted and well-aligned state aid, industrial strategy, competition policy, and regulation to attract investment. This will support Europe in achieving the 2030 Digital Decade targets. The Digital Networks Act (DNA) need to be the new EU Parliament's main legislative priority in this regard.
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