News Summary

• Pedro Sánchez told employers and union officials that self-regulation does not work.
• He argued that having powerful, unregulated AI controlled by only a few people is a recipe for disaster.
• Next month, he will bring together social partners to begin talks on what he calls a new Social Contract for AI, focused on job security.
• He also wants companies to be legally and financially responsible for what their algorithms do, including deepfakes, harm to young people’s mental health, and theft of intellectual property.