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EU business leaders worry that a perceived excess of regulation could derail efforts to make Europe one of the front-runners in AI technology development.
A proposed EU law that would create the West’s first regulatory scheme for AI is the target of criticism from the business and technology sectors, which published an open letter today arguing for fewer restrictions and a less “bureaucratic” approach.
The letter was signed by prominent executives from a who’s-who of major European companies like Siemens, Dassault, Heineken, Renault, Deutsche Telekom, and Airbus. In total, 163 people signed the letter.
The signatories urged the EU to adopt a more hands-off approach to AI regulation, worrying that the draft AI Act would make the continent less competitive...
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