EU Tech Chief: AI Act Can Control Risks
While it is stated that the European Union's new regulations in the field of artificial intelligence provide adequate protection against potential risks, AI infrastructure startup Modal has received billions of dollars in new investment.
European Union tech chief Henna Virkkunen stated that the EU Artificial Intelligence Act is equipped to handle the risks that artificial intelligence agents may pose. Meanwhile, AI infrastructure startup Modal completed a major financing round, significantly increasing its valuation.
AI Act and Security Measures
European Union tech chief Henna Virkkunen emphasized in a statement that the EU AI Act has the capacity to manage the risks brought by artificial intelligence agents.
Life Cycle of Models and Regulations
Virkkunen stated that the legislation in question covers the entire life cycle of capable models and that regulators provide guidance to companies on risk assessments and monitoring.
Modal's New Financing Round
Modal, one of the artificial intelligence infrastructure startups, raised 750 million dollars in a Series D financing round led by Accel.
Increasing Demand and Company Valuation
According to information shared by CEO Erik Bernhardsson, Modal's valuation reached 15.75 billion dollars thanks to increasing demand and usage rates.