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european ai act

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GZERO AI

EU AI regulation efforts hit a snag

Europe has spent two years trying to adopt comprehensive AI regulation. The AI Act, first introduced by the European Commission in 2021, aspires to regulate AI models based on different categories of risk.

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Inside the holiday spending outlook

From shopping to services, consumer spending is showing strength across categories. Holiday shopping got an early start, and it’s not just higher earners filling their carts. Bank of America Institute sees continued spending growth recovery for lower- and middle-income households. See what’s driving the trends.