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	<title>Hit the market &#8211; Spress</title>
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	<lastBuildDate>Thu, 20 May 2021 11:25:12 +0000</lastBuildDate>
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		<title>Sad news at the beginning of the season: Vietnamese mangoes hit the market, cheaper than vegetables</title>
		<link>https://en.spress.net/sad-news-at-the-beginning-of-the-season-vietnamese-mangoes-hit-the-market-cheaper-than-vegetables/</link>
		
		<dc:creator><![CDATA[Châu Giang]]></dc:creator>
		<pubDate>Thu, 20 May 2021 11:25:12 +0000</pubDate>
				<category><![CDATA[Cuisine]]></category>
		<category><![CDATA[Bad news]]></category>
		<category><![CDATA[beginning]]></category>
		<category><![CDATA[Bui Thi Tram]]></category>
		<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cat Chu Mango]]></category>
		<category><![CDATA[Cheap]]></category>
		<category><![CDATA[cheaper]]></category>
		<category><![CDATA[Fellow]]></category>
		<category><![CDATA[Hit]]></category>
		<category><![CDATA[Hit the market]]></category>
		<category><![CDATA[Hoa Loc]]></category>
		<category><![CDATA[landing]]></category>
		<category><![CDATA[LEP]]></category>
		<category><![CDATA[Mangoes]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Ministry of Agriculture and Rural Development]]></category>
		<category><![CDATA[Never happend]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Nguyen Cong Hoan]]></category>
		<category><![CDATA[Sad]]></category>
		<category><![CDATA[Sand mango]]></category>
		<category><![CDATA[season]]></category>
		<category><![CDATA[set]]></category>
		<category><![CDATA[Ship]]></category>
		<category><![CDATA[This occasion]]></category>
		<category><![CDATA[Vegetable]]></category>
		<category><![CDATA[vegetables]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[Vietnamese]]></category>
		<guid isPermaLink="false">https://en.spress.net/sad-news-at-the-beginning-of-the-season-vietnamese-mangoes-hit-the-market-cheaper-than-vegetables/</guid>

					<description><![CDATA[At this time, all kinds of Vietnamese mangoes landed on the &#8216;web market&#8217; with unprecedented cheap prices, even cheaper than vegetables. The report of the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development) shows that the export of vegetables and fruits, especially fruit products, is having a good recovery. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>At this time, all kinds of Vietnamese mangoes landed on the &#8216;web market&#8217; with unprecedented cheap prices, even cheaper than vegetables.</strong><br />
<span id="more-16557"></span> The report of the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development) shows that the export of vegetables and fruits, especially fruit products, is having a good recovery. Accordingly, in the first four months of this year, fruit and vegetable exports reached US$1.35 billion, up 9.5% over the same period in 2020.</p>
<p> Especially, in the first quarter of this year, Vietnam&#8217;s mango exports earned 125.2 million USD, up 30.6% over the same period in 2020. However, these days, the price of mangoes at the market has dropped sharply. For example: An Giang low-seeded mangoes are reduced to 9,000-15,000 VND/kg depending on the type, many places sell for 15,000 VND/kg, Vip Taiwanese mangoes are only 7,000 VND/kg, Australian mangoes are advertised. As for export goods, the price has also decreased to 15,000 VND/kg,&#8230; Not only that, mangoes are also landing in the markets in extremely large quantities. So, on the &#8220;online market&#8221; instead of selling by weight as before, mangoes are now sold in sets of several pounds or sold in boxes. <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_20_23_38900695/6d69ee13f4511d0f4440.jpg" width="625" height="796"> <em> Mangoes are being sold on the &#8220;web market&#8221; for as cheap as vegetables</em> Wholesalers said that currently Vietnamese mangoes are as cheap as vegetables, retail by weight, shipping is more expensive than mangoes. So, they switched to selling in sets of a few pounds or in boxes for convenience. Ordering a whole box of 15kg Taiwanese mangoes for only 95,000 VND, Ms. Doan Thi Thanh Hai from Nguyen Cong Hoan (Ba Dinh, Hanoi), said: “A box for only 95,000 VND, the price is only about 6,700 VND/ kg&#8221;. According to Ms. Hai, in the past, she often had to buy Taiwanese mangoes with flat seeds at the price of 35,000-45,000 VND/kg depending on the time. 4 days ago, she also ordered Australian mango with large fruit, red skin, ripe yellow inside, sweet and delicious, priced at only 15,000 VND/kg. “In previous years, Vietnamese mangoes were usually more expensive,. And now the opposite. At the market, Chinese mini mangoes cost up to 25,000-30,000 VND/kg, while Vietnamese mangoes are as cheap as vegetables,&#8221; she commented. Therefore, on this occasion, Ms. Hai did not buy foreign fruits anymore, but switched to buying Vietnamese mangoes to support farmers to consume products. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_20_23_38900695/8a6a3dbb86f86fa636e9.jpg" width="625" height="468"> <em> The retail price of mangoes at the market mostly fell to less than 10,000 VND/kg (photo: BH)</em> On the &#8220;online market&#8221;, Vietnamese mangoes are also crowded with customers because the price is so cheap. Most women choose to buy in boxes of 9-15 kg/barrel because the price is cheaper than buying in sets, 3-5 kg/set, depending on the type. Talk to PV. VietNamNet, Ms. Nguyen Thi Thu Thuy &#8211; a large online fruit seller in Cau Giay (Hanoi) admitted that on this occasion most mango prices have dropped sharply. Some are halved, some are now only 1/3 of what they used to be. Ms. Thuy said that on this occasion, she sells many kinds of mangoes such as: acacia mango, Australian mango, Taiwanese mango, flat-seeded mango, etc. However, each time she imports a different type of mango for customers to choose from. . Mangoes do not retail 1-2kg as before, but are divided into 5kg bags or sold in boxes of 9-15kg. &#8220;Because of the unprecedented low price, on this occasion, the number of customers buying mangoes has increased dramatically,&#8221; she said and revealed that it is normal for her to consume about 1-2 tons of mangoes a day. One day, she sold out more than 3 tons, because most of the customers bought by the box. Like last week, she sold out about 10 tons of mangoes of all kinds. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_20_23_38900695/4996ccecd6ae3ff066bf.jpg" width="625" height="745"> <em> On this occasion, the harvest season was in full swing with the Covid-19 epidemic, so the price of mangoes at the growers plummeted (photo: BH)</em> Ms. Bui Thi Tram from Hoang Van Thai (Thanh Xuan, Hanoi), also said that in the past half month, she has consumed around 1 ton of low-seeded mangoes every day. “A lot of people will not believe it. But low-seeded mangoes are very cheap. Big and beautiful fruit is only 15,000 VND/kg I sell in sets of 5kg, customers buy less than 1 set, buy 2 sets more, so the amount of mangoes sold every day is very large,&#8221; she shared. Last April, many growers in An Giang and Long An said that mangoes were in the harvest season but faced difficulties in exporting due to the impact of the Covid-19 epidemic, so the price plummeted. Ms. An, a mango farmer in Chau Doc (An Giang), lamented that if Hoa Loc mango was purchased for 40,000 VND/kg, now it only sells for 20,000 VND/kg, Thai mangoes are still sold. 15,000 VND/kg, Taiwanese mango varieties are sold at the garden for only 3,000 VND/kg. Traders buying mangoes in Long An also said that because mangoes in the southern provinces were in the midst of a busy harvest and encountered an epidemic, the price dropped. Accordingly, acacia mangoes reduced to 4,000-5,000 VND/kg, Cat Chu mango 9,000-10,000 VND/kg, Hoa Loc sand mango 15,000-17,000 VND/kg.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">16557</post-id>	</item>
		<item>
		<title>Grab is about to launch another cheap Grabcar package?</title>
		<link>https://en.spress.net/grab-is-about-to-launch-another-cheap-grabcar-package/</link>
		
		<dc:creator><![CDATA[Duy Vũ]]></dc:creator>
		<pubDate>Sat, 24 Apr 2021 17:19:09 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Cheap]]></category>
		<category><![CDATA[common]]></category>
		<category><![CDATA[Customer]]></category>
		<category><![CDATA[Discount]]></category>
		<category><![CDATA[Display]]></category>
		<category><![CDATA[driver]]></category>
		<category><![CDATA[Experiment]]></category>
		<category><![CDATA[Get more]]></category>
		<category><![CDATA[Grab]]></category>
		<category><![CDATA[Grab Vietnam]]></category>
		<category><![CDATA[Grabcar]]></category>
		<category><![CDATA[Hit the market]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Keep stable]]></category>
		<category><![CDATA[launch]]></category>
		<category><![CDATA[normal]]></category>
		<category><![CDATA[Pack of data]]></category>
		<category><![CDATA[Package]]></category>
		<category><![CDATA[Partner]]></category>
		<category><![CDATA[Passenger]]></category>
		<category><![CDATA[Quick hand]]></category>
		<category><![CDATA[Rates]]></category>
		<category><![CDATA[Surcharge]]></category>
		<category><![CDATA[Usually]]></category>
		<guid isPermaLink="false">https://en.spress.net/grab-is-about-to-launch-another-cheap-grabcar-package/</guid>

					<description><![CDATA[A new GrabCar package is being tested by Grab Vietnam with a fee that is 10% cheaper than the regular GrabCar service. The pricing of the GrabCar Economy package is being tested Many information shows that Grab Vietnam may be about to launch a new GrabCar service. Grab&#8217;s new package is called GrabCar Economy. According [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>A new GrabCar package is being tested by Grab Vietnam with a fee that is 10% cheaper than the regular GrabCar service.</strong><br />
<span id="more-7851"></span> <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_21_107_38592001/6aa49371b6335f6d0622.jpg" width="625" height="436"> </p>
<p> The pricing of the GrabCar Economy package is being tested Many information shows that Grab Vietnam may be about to launch a new GrabCar service. Grab&#8217;s new package is called GrabCar Economy. According to the description, this service is for passengers wishing to move GrabCar with basic requirements and the cost of saving about 10% more than normal GrabCar service. Currently, this service is being tested to a number of driver partners. In a statement sent to drivers, Grab said testing the new service will help drivers gain new passengers for more opportunities to increase their income. At the same time, the new service will not affect existing Grabcar services. &#8220;GrabCar Economy service will not be automatically activated for all partners, only priority will be given to those in need and quickly register the service&#8221;, said Grab&#8217;s notice. The fare of GrabCar Economy is 25,000 VND for the minimum of the first 2 km and 8,500 VND / km for the next. GrabCar service prices are respectively VND 27,000 and VND 9,500. The fare is cheaper, but the surcharges (night surcharge, platform fee, stop surcharge surcharge) and discounts are the same as for GrabCar. Many GrabCar drivers reported receiving information about the new service trial implementation from Grab. However, GrabCar Economy is still in beta and it is not clear when it will hit the market. The service name is also displayed on the user&#8217;s application, but the user is still unable to book a vehicle. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_21_107_38592001/d45a308f15cdfc93a5dc.jpg" width="625" height="1111"> This service is already available on the app, but the user can&#8217;t book a car yet The launch of a cheaper package will help Grab expand more customer segments, especially customers who want to travel with more reasonable prices and do not have high requirements for vehicle types. This policy can help this ride-hailing company expand its market share by getting more customers from other apps or traditional taxis. This can make the market race increasingly fierce and the opportunities for new applications to enter the market will narrow, if there is not enough financial capacity to compete.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">7851</post-id>	</item>
		<item>
		<title>The day of God of Wealth in Tan Suu year: The golden buffalo took the throne</title>
		<link>https://en.spress.net/the-day-of-god-of-wealth-in-tan-suu-year-the-golden-buffalo-took-the-throne/</link>
		
		<dc:creator><![CDATA[Trần Ngọc/VOV.VN (tổng hợp)]]></dc:creator>
		<pubDate>Sat, 24 Apr 2021 14:52:30 +0000</pubDate>
				<category><![CDATA[Architecture]]></category>
		<category><![CDATA[Brass foundry]]></category>
		<category><![CDATA[Buffalo]]></category>
		<category><![CDATA[Buy gold]]></category>
		<category><![CDATA[Customer]]></category>
		<category><![CDATA[Day]]></category>
		<category><![CDATA[Envelopes]]></category>
		<category><![CDATA[Get rich]]></category>
		<category><![CDATA[Gilding]]></category>
		<category><![CDATA[God]]></category>
		<category><![CDATA[God of wealth]]></category>
		<category><![CDATA[Gold and silver]]></category>
		<category><![CDATA[GOLDEN]]></category>
		<category><![CDATA[Good luck]]></category>
		<category><![CDATA[Hit the market]]></category>
		<category><![CDATA[jewelry]]></category>
		<category><![CDATA[mascot]]></category>
		<category><![CDATA[Store]]></category>
		<category><![CDATA[Suu]]></category>
		<category><![CDATA[Tan]]></category>
		<category><![CDATA[Tan Suu]]></category>
		<category><![CDATA[Taurus]]></category>
		<category><![CDATA[Throne]]></category>
		<category><![CDATA[User idols]]></category>
		<category><![CDATA[wealth]]></category>
		<category><![CDATA[Whoa]]></category>
		<category><![CDATA[year]]></category>
		<category><![CDATA[Yellow]]></category>
		<guid isPermaLink="false">https://en.spress.net/the-day-of-god-of-wealth-in-tan-suu-year-the-golden-buffalo-took-the-throne/</guid>

					<description><![CDATA[On the occasion of Than Tai this year, many gold-plated and gold-plated products were launched to the market, in which the golden buffalo mascot was bought by many people because this year is the year of Tan Suu. On the day of Than Tai (the 10th of the first lunar month), people have the custom [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>On the occasion of Than Tai this year, many gold-plated and gold-plated products were launched to the market, in which the golden buffalo mascot was bought by many people because this year is the year of Tan Suu.</strong><br />
<span id="more-7771"></span> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/d2c793755136b868e127.jpg" width="625" height="390"> </p>
<p> <em> On the day of Than Tai (the 10th of the first lunar month), people have the custom of buying gold for luck.</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/3caf7b1db95e5000094f.jpg" width="625" height="311"> <em> Many people think that buying gold in the day of Than Tai will bring luck, fortune and prosperity for the whole year. (Photo: DOJI)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/8821cd930fd0e68ebfc1.jpg" width="625" height="453"> <em> In this Tan Suu year 2021, many gold-plated and gold-plated products are launched to the market to meet the needs of customers. (Photo: PNJ)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/083d428f80cc699230dd.jpg" width="625" height="427"> <em> The golden buffalo mascot product is bought by many people because this year is the year of Tan Suu. (Photo: Karalux)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/f9cb094dcb0e22507b1f.jpg" width="625" height="436"> <em> Gold buffalo coin (Taurus Dong Loc) is favored by many customers.</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/c85d86ef44acadf2f4bd.jpg" width="625" height="423"> <em> The famous gold and silver trading companies also launched many unique Than Tai gold products to attract buyers on this occasion. (Photo: SJC)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/b966f6d43497ddc98486.jpg" width="625" height="391"> <em> Jewelry set with sewing patterns is introduced to customers. (Photo: DOJI)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/f2ee0568c72b2e75773a.jpg" width="625" height="376"> <em> The statue of Than Tai cast bronze, the surface was covered with 24k gold.</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/94c5d8771a34f36aaa25.jpg" width="625" height="498"> <em> The golden statue of Than Tai is for sale in many stores and on the &#8220;internet market&#8221;. (Photo: VTC News)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/514b19f9dbba32e46bab.jpg" width="625" height="428"> <em> Golden buffalo-shaped lucky lucky money also attracts buyers. (Photo: VTC News)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/c2ed8f5f4d1ca442fd0d.jpg" width="625" height="420"> <em> Many customers choose the gold product with the image of Than Tai with the hope that Than Tai will &#8220;knock on the door&#8221;, with abundant wealth and luck for the whole year. (Photo: SJC)</em> <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_02_18_65_28564725/6a1f58ad9aee73b02aff.jpg" width="625" height="410"> <em> The 24k pure gold-plated feng shui statue is also considered as a display item that brings a lot of luck on Than Tai day. However, customers need to buy quality gold-plated and gold-plated products at reputable stores to avoid poor quality products as well as make it easier to guarantee and exchange them later. (Photo: PNJ) ./.</em></p>
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		<post-id xmlns="com-wordpress:feed-additions:1">7771</post-id>	</item>
		<item>
		<title>New flower varieties with high prices are still &#8216;out of stock&#8217;</title>
		<link>https://en.spress.net/new-flower-varieties-with-high-prices-are-still-out-of-stock/</link>
		
		<dc:creator><![CDATA[Thanh Nghĩa]]></dc:creator>
		<pubDate>Sat, 17 Apr 2021 00:07:21 +0000</pubDate>
				<category><![CDATA[Cuisine]]></category>
		<category><![CDATA[Breeding]]></category>
		<category><![CDATA[Clump of Sa Nhien]]></category>
		<category><![CDATA[Collect]]></category>
		<category><![CDATA[common]]></category>
		<category><![CDATA[Fire]]></category>
		<category><![CDATA[flower]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[high]]></category>
		<category><![CDATA[Hit the market]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Jade]]></category>
		<category><![CDATA[New]]></category>
		<category><![CDATA[normal]]></category>
		<category><![CDATA[Ordered]]></category>
		<category><![CDATA[Phoenix]]></category>
		<category><![CDATA[pink]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[Sa Dec]]></category>
		<category><![CDATA[Seedlings]]></category>
		<category><![CDATA[Stock]]></category>
		<category><![CDATA[Tac]]></category>
		<category><![CDATA[Tan Quy Dong]]></category>
		<category><![CDATA[Usually]]></category>
		<category><![CDATA[varieties]]></category>
		<category><![CDATA[Year round]]></category>
		<guid isPermaLink="false">https://en.spress.net/new-flower-varieties-with-high-prices-are-still-out-of-stock/</guid>

					<description><![CDATA[The prices of these new flower varieties are dozens of times higher than those of conventional flowers but still &#8216;out of stock&#8217;. With the hobby of collecting new varieties of flowers, Mr. Ly Loi from Sa Nhien hamlet, Tan Quy Dong ward (Sa Dec city, Dong Thap) has collected and propagated many kinds of new [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>The prices of these new flower varieties are dozens of times higher than those of conventional flowers but still &#8216;out of stock&#8217;.</strong><br />
<span id="more-3467"></span> With the hobby of collecting new varieties of flowers, Mr. Ly Loi from Sa Nhien hamlet, Tan Quy Dong ward (Sa Dec city, Dong Thap) has collected and propagated many kinds of new flowers, including 3 new varieties. is the phoenix page, gold page and marble pink page.</p>
<p><img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_14_120_38521599/1a8555607f22967ccf33.jpg" width="625" height="351"></p>
<p><em> Customers come to Mr. Loi garden to order flowers. Photo: Thanh Nghia. </em></p>
<p>Currently, the selling price of these flowers is dozens of times higher than that of ordinary flowers, helping his family have an attractive income source.</p>
<p>Anh Loi said that these flower varieties originated from Thailand, which he imported and began to experiment and propagate for about 2 years and this was the first year he launched to the market. The special feature of these varieties is that the plants flower all year round, with strange flower colors, looking very beautiful.</p>
<p>Currently, the orange and golden phoenix flowers have just been propagated for more than a month, only about 1 inch high, the selling price ranges from 150 to 180 thousand VND, only the plants are about 5 feet high and have given flowers the selling price. up to several million dong per tree.</p>
<p><img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_14_120_38521599/9eefe70acd4824167d59.jpg" width="625" height="351"></p>
<p><em> The mutant flowering tree with 2 colors on the same tree sells for several million dong. Photo: Thanh Nghia </em></p>
<p>In particular, in Mr. Loi, there are several plants that produce 2 kinds of flowers on the same rare tree, so the selling price is 3 times higher than that of conventional trees.</p>
<p>According to Mr. Loi, this cultivar flower blooms all year round, currently most of the seedlings in his garden have been ordered by traders, many customers have come to buy but supply is not enough.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">3467</post-id>	</item>
		<item>
		<title>The EU is about to announce its draft AI regulation</title>
		<link>https://en.spress.net/the-eu-is-about-to-announce-its-draft-ai-regulation/</link>
		
		<dc:creator><![CDATA[Khánh Ly (Theo AFP)]]></dc:creator>
		<pubDate>Fri, 16 Apr 2021 22:40:08 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[announce]]></category>
		<category><![CDATA[Announced]]></category>
		<category><![CDATA[Artificial intelligence]]></category>
		<category><![CDATA[Biometrics]]></category>
		<category><![CDATA[Brussels]]></category>
		<category><![CDATA[Catch up]]></category>
		<category><![CDATA[Define]]></category>
		<category><![CDATA[Draft]]></category>
		<category><![CDATA[Enforce]]></category>
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		<category><![CDATA[European Parliament]]></category>
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		<guid isPermaLink="false">https://en.spress.net/the-eu-is-about-to-announce-its-draft-ai-regulation/</guid>

					<description><![CDATA[The European Union (EU) is expected to announce a proposal for artificial intelligence (AI) regulations next week. The European Commission (EC), the EU&#8217;s executive body, has been preparing this proposal for more than a year, and major technology corporations are concerned that the EU will have too broad definitions of AI. These regulations are part [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>The European Union (EU) is expected to announce a proposal for artificial intelligence (AI) regulations next week.</strong><br />
<span id="more-3403"></span> The European Commission (EC), the EU&#8217;s executive body, has been preparing this proposal for more than a year, and major technology corporations are concerned that the EU will have too broad definitions of AI.</p>
<p>These regulations are part of the EU&#8217;s effort to regulate the AI ​​sector and catch up with the US and China in an area that spans from voice recognition to insurance and law enforcement.</p>
<p>This draft provision would prohibit general supervision of citizens, as well as any technology used to manipulate citizens&#8217; behavior, opinions or decisions. The application of AI in the military field is not within the scope of these regulations.</p>
<p>Violations of the aforementioned regulation, depending on the severity, can result in businesses being fined up to 4% of global revenue.</p>
<p>To encourage innovation, Brussels also wants to provide a clear legal framework for billionaires in all 27 member countries of the bloc.</p>
<p>To achieve this, the draft regulation states that companies will require a special validation of deemed &#8220;high-risk&#8221; applications before being allowed to hit the market.</p>
<p>High-risk systems are those that have &#8220;the function of identifying people in public places from a distance through biometric features&#8221;, as well as &#8220;factors of security in institutions. important public infrastructure ”.</p>
<p>In addition, applications not considered &#8220;high risk&#8221; will not be subject to any additional regulations other than the applicable ones.</p>
<p>Google and other major tech corporations are very interested in the EU&#8217;s AI strategy, as Europe is often the place that sets the standard for how technology is governed around the world.</p>
<p>Last year, Google warned the EU&#8217;s definition of AI was too broad and Brussels had to avoid excessive control over a key technology.</p>
<p>The above draft regulations must be ratified by member countries and get the approval of the European Parliament before they can be applied./.</p>
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