European Parliament approves proposed Data Act position

European Parliament voted 500-23 with 110 abstentions to adopt its position on the proposed Data Act. Parliament touted the proposal for establishing "common rules governing the sharing of data generated by the use of connected products or related services ... to ensure fairness in data sharing contracts." Lawmakers also mentioned how artificial intelligence-based products will be better supported and enabled by the proposal. The proposal now awaits trilogue negotiations between EU institutions.