Vera Jourova speaks at opening day of AI Safety Summit

The speaker, representing the EU, thanks the UK for hosting the summit and discusses the rapid advancement of AI since 2018. The EU aims to balance AI benefits with protection through innovation, guardrails, and governance. The EU is opening high-performance computers to AI startups and is working on the AI Act to address current and future AI risks. The EU is also developing regulations for generative AI and collaborating on a global governance framework. The speaker emphasizes the need for smart regulation and voluntary commitments, highlighting the G7's code of conduct for AI developers.

What is the purpose of the AI Act mentioned by the speaker?

What is the significance of the G7 leaders' agreement mentioned in the speech?

How does the speaker propose to manage fast-changing AI technologies?