This share prices have a 15 minute delay and are shown in the local time of the market in which the quote is displayed.
Europeans and emerging technologies
IE’s Center for the Governance of Change has published its 2023 European Tech Insights, on the relationship between emerging technologies (AI, data economy...) and European citizens. The report shows the results of a survey on topics ranging from the role of the EU in technological development and regulation, to the potential impact of AI on society, to the willingness of Europeans to get brain implants to improve their capabilities. The report shows how society is ready for the introduction of automation and technology into their daily life, but is concerned about the impact on employment, privacy or inequality.
Main takeaways from the report:
- The internet should be open and global, but still regulated. According to the report, 91% of Europeans believe that the internet should be regulated, 66% of them thinking that rules should be global and open. 88% of respondents believe that the EU should play an active role in tech leadership, through the promotion of new technologies or a more competitive regulatory framework.
- AI has to be efficiently regulated in order to protect society and hold accountabilities for harm. In lockstep with the rapid evolution of AI, citizens' concerns about potential impacts are growing. 68% of Europeans defend that, in order to protect jobs from being technologically replaced, automation should be regulated. This is a clear consequence of the boost of generative AI in recent times; other revealing data is that only 27% of respondents believe they could detect AI-generated content.
- There is a widespread mistrust of the data economy. There is still no certainty among the population that their data is totally safe online, despite technological advances. 69% of respondents believe that it is safer to store personal information on physical devices than in the cloud, and 74% believe that they are more likely to be stolen online rather than in real life. Furthermore, data economy is seen as an exacerbator of economic inequality rather than an opportunity for social prosperity. However, Nearly a third of Europeans are willing to continue using apps that may pose a risk for their privacy, even if the EU advises against using them.
- The healthcare field generates the most confidence in technology. Although, as expected, the vast majority of Europeans trust a (human) doctor's diagnosis more than one from an AI system, science and health is where most trust is placed in technology. 58% answered that CRISPR technology (gene-editing) is likely to have positive outcomes, and more than a third of Europeans would get a brain implant that enhanced their cognitive abilities.
Filter results
According to the OECD. SMEs and start-ups that grow rapidly contribute significantly to job creation, economic growth and competitiveness. Indeed, SMEs that grow by one-third over a three-year period, contribute about as much to job creation as large firms.
According to @McKinsey, banks must prepare for a new growth curve. Strategic precision —the ability to combine technology, capital discipline, and deep customer insight— will distinguish the leaders from the laggards.
According to Kristalina Georgeva IMF Managing Director, lifting growth requires three things: one, regulatory housecleaning to unleash private enterprise; two, deeper regional integration; and three, preparedness to harness AI.
According to The European House – Ambrosetti, the European Union has an opportunity to boost competitiveness and growth by simplifying regulatory and supervisory frameworks, particularly in the areas of sustainability and the financial sector.
According to Ramón Casilda Béjar, Spain, in today’s complex geopolitical landscape, has the opportunity to strengthen its role as a bridge and connecting country between Ibero-America and the European Union, revitalizing investment flows in both directions.
According to @ECB, in moments of acute stress, the public often turns to physical currency as a reliable store of value and a resilient means of payment, underscoring the crucial role it plays above and beyond everyday transactional convenience
According to Juan S. Mora-Sanguinetti, in Spain a 10% increase in regulatory volume leads to a 0.5% drop in employment in companies with fewer than 10 employees.
According to Hélène Rey “In a world where stablecoins, particularly those pegged to the dollar, become an important global payment tool, we must brace ourselves for substantial consequences”.
@judith_arnal proposes reforms for the EU to advance regulatory simplification, starting with consensus on its meaning, with competitiveness as a pillar, plus coordination mechanisms and a governance rethink.
According to @iee_org, Spain has one of the most demanding tax environments for businesses within the European and international context, which may have significant implications for competitiveness, foreign investment attraction, and business expansion.
According to Christine Lagarde for the euro to gain in status, Europe must take decisive steps by completing the single market, reducing regulatory burdens and building a robust capital markets union.
According to the Bank of Spain, in a context of strong growth in transactions and prices, the conditions under which new mortgage loans are granted currently show no signs of easing in lending standards.