Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says

CNBC June 26, 2024
Ryan Browne

Key Points

– Prince Constantijn of the Netherlands told CNBC that Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.

– He said that the continent scores “very poorly” when it comes to regulatory market unification and the availability of funding for capital-intensive tech firms.

– EU regulators are taking a tough approach to AI with legislation requiring strict scrutiny for so-called “general-purpose” models like OpenAI’s GPT-4.

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

“Our ambition seems to be limited to being good regulators,” Constantijn told CNBC in an interview...

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