The hedge fund founder told CNBC on May 7 that Washington’s failure to establish governance frameworks while AI deployment accelerates is a ‘governance gap’ that could produce risks society is not prepared for — framing AI oversight as a financial stability concern, not just a civil liberties one.
Tag: artificial intelligence
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EU opens sweeping antitrust inquiry into Big Tech’s AI operations
The European Commission’s competition directorate confirmed in March 2026 that it has opened a wide-ranging inquiry into how large technology companies are using AI to entrench market power, targeting practices at Nvidia, Meta, Google, and Microsoft simultaneously.
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UK announces AI hardware strategy to cut semiconductor dependence
The UK government unveiled a domestic AI hardware plan in late April, committing to build sovereign capability in the chips and semiconductor technologies underpinning the AI stack — a belated but explicit acknowledgement that dependence on US and Asian supply chains is a strategic vulnerability.
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Meta refuses to sign the EU’s AI Code of Practice as August enforcement approaches
Meta’s Chief Global Affairs Officer Joel Kaplan publicly declined to sign the voluntary Code of Practice for general-purpose AI models, calling it legally uncertain and beyond the AI Act’s scope — a position that puts the company on a collision course with the European AI Office ahead of the August 2 enforcement date.