Spain Aims To Set Up AI Regulations During Its EU Rotating Presidency

During its presidency of the Council of the European Union, Spain intends to establish regulations for artificial intelligence, according to statements made by Economy Minister Nadia Calvino on Wednesday.

Calvino emphasized the importance of implementing future regulations that balance AI development with privacy protection.

Spain is scheduled to assume the rotating presidency of the Council of the European Union during the second half of 2023.

Related: UK Unveils New ‘Agile’ AI Regulations

Meanwhile the European Commission has proposed devoting 1.1 billion euros (about $1.2 billion) to new cybersecurity initiatives.

The proposal of the European Union Cyber Solidarity Act comes at a time when cybersecurity incidents pose a growing threat, driven in part by cyberattacks related to Russia’s invasion of Ukraine, the commission said in a Tuesday (April 18) press release.

“The Cyber Solidarity Act establishes EU capabilities to make Europe more resilient and reactive in front of cyber threats, while strengthening existing cooperation mechanism,” the commission said in the release. “It will contribute to ensuring a safe and secure digital landscape for citizens and businesses and to protecting critical entities and essential services, such as hospitals and public utilities.”