Silicon Republic June 30, 2023
Blathnaid O’Dea

Signatories of an open letter criticising the AI Act say that companies could pull their businesses from Europe if their work is impeded by new laws.

Executives from some of Europe’s largest companies have signed an open letter voicing their concerns over the EU AI Act. Signatories range from the CEOs of telecoms companies Orange and Deutsche Telekom to the chief scientific officer of Renault and the heads of Schneider Electric and Siemens.

Calling themselves “engaged stakeholders of the European economic sector” they said they wished to express their “serious concerns” about the proposed EU AI Act. The EU has been working on AI legislation for years and after a long lead-up it finally passed it earlier this month. The...

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