Today [November 11] in Schweden:

Wallenberg om AI–reglering: "Gått för långt"

[machine translation]

Wallenberg On AI Regulation: "Gone Too Far"

The outlook for the Swedish economy is looking brighter, according to Jacob Wallenberg, chairman of the Confederation of Swedish Enterprise. At the same time, the EU risks falling behind the rest of the world, particularly in the field of AI.
"We could miss the boat if we regulate too heavily. That's what I'm worried about," he says.

It has been a turbulent economic year in many ways so far, notes Jacob Wallenberg, chairman of the Confederation of Swedish Enterprise and the Wallenberg sphere's power company Investor.

But after a trade war and global interest rate concerns, among other things, there are still signs that the situation is improving.

"I see inflation going down, I see interest rates going down, I hear a little more positive talk. And then I think that some issues surrounding trade and tariffs—all of which have been hanging in the air for a long time—have calmed down," he says.

When I combine this with other impressions, I am a little more positive.

"Crash Helmet And Life Jacket"

However, when it comes to how Sweden and the rest of Europe compare with, for example, the US and China, there are still some signs of concern, according to the business profile.

This applies not least to the ongoing AI revolution, where EU regulations go further than corresponding legislation in many other places.

"This is a very important and relevant issue," says Jacob Wallenberg.

"In the EU, we are introducing legal restrictions because we are afraid that something negative could happen. The US and China are doing exactly the opposite. This means that the chances of rapid development in the US or China—or India for that matter—are much, much greater.

But don't you see any risks with AI?

– Of course there are risks. There are risks with everything new. But if we have to walk around wearing crash helmets and life jackets all day long, we may not develop in the way we hope.

– It really is a balancing act. And I understand that it is not easy for politicians who have to make these decisions. But I think Europe is going too far here.

Stock Market Turmoil Surrounding AI

The recent stock market turmoil surrounding AI stocks has led analysts to talk about a possible AI bubble. However, Jacob Wallenberg prefers to stay out of that discussion.

"But it goes without saying that with new technologies, it always takes a while for supply and demand to balance out," he says.

"Right now, demand is high, and we are seeing prices rise accordingly. Where it ends up—how we will use AI in the longer term—is what will really determine the price of AI in the future. But it will be a while before we get there."

Source:  TT via GöteborgsPosten

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Thoughts

Like many other flies—kings or not—Jacob Wallenberg will never volunteer…

Jacob Wallenberg will never volunteer to confess about the truth behind [their] Schweden.

Hence:  No remorse—like all flies.

Many know, that the only thing Jacob Wallenberg really should be talking about, is their [very] dark history.

Instead of talking [empty] words about AI & Money, currently it'd be more appropriate to deal with their [Investor, Red Bee Media, etc] involvment in the "BBC thingy."

Myself, I'm curious about where "Adam & Eve" Wallenberg came from—that's for another day though.

PS:  Wallenberg should also tell the world whether or not he assumes any responsibility for the current disaster called Sweden.

Reminder:  The people responsible will speak first (they already have, so to speak, but you know what I mean).

Home Assignment

For the fun of it, let's see if we can find anyone in Sweden who will assume responsibilty…

So, who's in charge?       🦉  – Whoo?!

  •  Is it Jacob Wallenberg?

  •  Is it Ulf Kristersson, Prime Minister of Sweden?

  •  Is it the Swedish Uniparty?

  •  Is it the Swedish Royals?

  •  Is it the Swedish State Church?

  •  Is it the Swedish Freemasons/Templars?

  •  Is it the Swedish 666 Mafia?

      Happy hunting!    👍

            & Good luck!

A word of caution:  Finding anyone assuming responsibility will be a challenge.

So many are—or have been—knowingly loyal to the system, by their own choice, based on free will, for a very long time.

Too many have enjoyed the Swedish oxymoron socialist democrat monarchy.

That goes for all Scandinavians—we're all included in this.

There IS hope for the future though—great hope!

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glossary

Sweden, Inc.

Investor

Confederation of Swedish Enterprise

[Svenskt Näringsliv]

[AB Sverige]

Uniparty   =   Reichstag [Riksdagen]

SwedishFly🪰Intl,  Inc.™