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Most laws are local—except in the digital realm. When the European Union comes up with some new tech regulation, it can quickly spread around the world.

Global companies adopt its typically strict rules for all their products and markets in order to avoid having to comply with multiple regimes.
The textbook example for what has been dubbed the “Brussels effect”, is the eu’s General Data Protection Regulation (gdpr), which went into force in 2018 and swiftly became the global standard.
All eyes were on Brussels when the European Commission on April 21st published proposed regulations on artificial intelligence (ai)—making it the first influential regulator to craft a big law on ai.

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CONTEXT

Most laws are local—except in the digital realm. When the European Union comes up with some new tech regulation, it can quickly spread around the world.
Global companies adopt its typically strict rules for all their products and markets in order to avoid having to comply with multiple regimes.
The textbook example for what has been dubbed the “Brussels effect”, is the eu’s General Data Protection Regulation (gdpr), which went into force in 2018 and swiftly became the global standard.
All eyes were on Brussels when the European Commission on April 21st published proposed regulations on artificial intelligence (ai)—making it the first influential regulator to craft a big law on ai.

Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from The Economist]

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Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts.

Authors of the genioux fact

Fernando Machuca

References

The EU wants to become the world’s super-regulator in AI, April 24, 2021, The Economist.

ABOUT THE AUTHORS

Extracted from Wikipedia

The Economist is an international weekly newspaper printed in magazine-format and published digitally that focuses on current affairs, international business, politics, and technology. Based in London, England, the newspaper is owned by The Economist Group, with core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In August 2015, Pearson sold its 50 percent stake in the newspaper to the Italian Agnelli family's investment company, Exor, for £469 million (US$531 million) and the paper re-acquired the remaining shares for £185 million ($206 million). In 2019, their average global print circulation was over 909,476, while combined with their digital presence, runs to over 1.6 million. Across their social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and analysis over original reporting, to both criticism and acclaim.

Founded in 1843, The Economist was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–46), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatly expanded its layout and format, adding opinion columns, special reports, political cartoons, reader letters, cover stories, art critique, book reviews, and technology features. The paper is often recognizable by its fire engine red nameplate and illustrated, topical covers. Individual articles are written anonymously, with no byline, in order for the paper to speak as one collective voice. The paper is supplemented by its sister lifestyle magazine, 1843, and a variety of podcasts, films, and books.