European Union (EU) regulations impacting artificial intelligence (AI) may deny the region’s businesses, academics and others the chance to participate in new technology investment and economic growth opportunities, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek wrote in a joint statement released Friday (Aug. 23). The CEOs wrote in the statement that tech companies doing business in Europe face “overlapping regulations and inconsistent guidance on how to comply with them.”. “Regulating against known harms is necessary, but pre-emptive regulation of theoretical harms for nascent technologies such as open-source AI will stifle innovation,” they wrote. “Europe’s risk-averse, complex regulation could prevent it from capitalizing on the big bets that can translate into big rewards.”

The B2B landscape is undergoing a profound transformation, driven by a confluence of technological advancements, evolving business expectations, and the unrelenting push toward greater efficiency. At the center of this change is the surging digitization of B2B payments, which are emerging as levers for innovation, competitiveness and growth as firms recognize that modernizing their payment processes is crucial not just for efficiency, but also for ensuring security, improving cash flow management and enabling real-time insights into financial operations. That’s why PYMNTS tracks the latest advances shaping tomorrow’s B2B landscape. The top themes we heard this week were around access to capital, cross-border payments and marketplaces, and the broader digitization of legacy workflows across B2B payments and operations

Kobalt Labs, which offers an artificial intelligence-powered copilot for risk and compliance teams, joined the Treasury Prime Partner Marketplace. Banks using Treasury Prime’s embedded banking software can now use the Kobalt Labs solution to better manage their third-party diligence with AI, the companies said in a Tuesday (Aug. 20) press release. “Compliance costs are a big consideration for banks as they weigh the investments associated with embedded banking,” Kyle Costello, head of partnerships at Treasury Prime, said in the release. “By partnering with Kobalt Labs, we’re enabling our bank clients to access new capabilities for third-party risk management compliance as they scale their [Banking-as-a-Service (BaaS)] programs.”