EU's Vera Jourova says China and EU need to explain basics when it comes to AI regulation

The EU and Japan are finding common ground on generative artificial intelligence, according to European Commission Vice President for Values and Transparency Vera Jourova. While the EU has a stricter AI law, Japan is considering more flexible guidelines to stimulate economic growth. However, both regions are committed to deepening cooperation on AI, cybersecurity, and chips for economic security. The G7 nations are also discussing guidelines for generative AI, with consultations on an AI framework expected soon. Jourova also said that discussing these issues with China is a "completely different thing," as both sides need to explain "basic, basic things" to each other.