EU Tech Chief Calls for Voluntary AI Code of Conduct Within Months 

European Commission Executive Vice President Margrethe Vestager speaks to the press at the EU-US Trade and Technology Council (TTC) meeting in the Kulturens hus in Lulea, Sweden, on May 31, 2023. (AFP)
European Commission Executive Vice President Margrethe Vestager speaks to the press at the EU-US Trade and Technology Council (TTC) meeting in the Kulturens hus in Lulea, Sweden, on May 31, 2023. (AFP)
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EU Tech Chief Calls for Voluntary AI Code of Conduct Within Months 

European Commission Executive Vice President Margrethe Vestager speaks to the press at the EU-US Trade and Technology Council (TTC) meeting in the Kulturens hus in Lulea, Sweden, on May 31, 2023. (AFP)
European Commission Executive Vice President Margrethe Vestager speaks to the press at the EU-US Trade and Technology Council (TTC) meeting in the Kulturens hus in Lulea, Sweden, on May 31, 2023. (AFP)

The United States and European Union should push the artificial intelligence (AI) industry to adopt a voluntary code of conduct within months to provide safeguards while new laws are developed, EU tech chief Margrethe Vestager said on Wednesday.

The European Union's AI Act, with rules on facial recognition and biometric surveillance, could be the world's first comprehensive legislation governing the technology, but is still going through the legislative process.

"In the best of cases it will take effect in two and a half to three years’ time. That is obviously way too late," Vestager told reporters before a meeting of the joint EU-U.S Trade and Technology Council in Sweden. "We need to act now."

EU industry chief Thierry Breton said last week that Alphabet and the European Commission aimed to develop an AI pact as concerns mount about the impact on society particularly from generative AI, like ChapGPT, that create content.

Leaders of the G7 nations called earlier this month for the development of technical standards to keep AI "trustworthy", urging international discussions on topics such as governance, copyrights, transparency and the threat of disinformation

Vestager said there needed to be agreement on specifics, not just general statements, suggesting the European Union and the United States could help drive the process.

"If the two of us take the lead with close friends, I think we can push something that will make us all much more comfortable with the fact that generative AI is now in the world and is developing at amazing speeds," she said.

Vestager, a European Commission vice president, said a code of conduct come emerge quickly while governments and legislators from the EU to Canada to India establish rules.

"That is the kind of speed you need, to discuss in the coming weeks, a few months, and of course also involve industry ... in order for society to trust what is ongoing," she said.



Sam Altman Says Meta Offered $100 Million Bonuses to OpenAI Employees 

The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. (Reuters) 
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. (Reuters) 
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Sam Altman Says Meta Offered $100 Million Bonuses to OpenAI Employees 

The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. (Reuters) 
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. (Reuters) 

OpenAI CEO Sam Altman said Meta has offered his employees bonuses of $100 million to recruit them, as the tech giant seeks to ramp up its artificial intelligence strategy.

The alleged attempts by Meta to hire OpenAI staffers are the latest signs of a frenzy to hire top engineers to develop AI models, and they come at a time when the Facebook owner is working on building its superintelligence unit to catch up with competitors.

Competition for AI talent has reached a feverish pitch as superstar researchers are being courted like professional athletes on the belief that individual contributors can make or break companies.

"They (Meta) started making giant offers to a lot of people on our team," Altman said on the Uncapped podcast that aired on Tuesday, hosted by his brother. "You know, like $100 million signing bonuses, more than that (in) compensation per year."

"At least, so far, none of our best people have decided to take them up on that," Altman said.

Meta did not immediately respond to a request for comment outside regular business hours, and Reuters could not verify the information.

"I've heard that Meta thinks of us as their biggest competitor," Altman said.

His comments come just days after Meta invested $14.3 billion in data-labeling startup Scale AI, and hired its top boss, Alexandr Wang, to lead its new superintelligence team.

Meta, once recognized as a leader in open-source AI models, has suffered from staff departures and has postponed the launches of new open-source AI models that could rival competitors like Google, China's DeepSeek and OpenAI.