Fully storing data within the EU is impossible because American technology companies dominate the space, Miguel De Bruycker, director of the Centre for Cybersecurity Belgium (CCB), has told the Financial Times. The official also noted that EU regulation on artificial intelligence (AI) was blocking innovation within the bloc.

Following the implementation of mandatory rules for general-purpose AI last year, the EU faced a swift domestic backlash over concerns that high compliance costs were undermining innovation and investment. The internal pressure was compounded by sharp criticism from the US government and major technology companies, which…

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