The EU AI Act is set to announce key regulations for general-purpose AI models on August 2, amidst rising concerns that over-regulation could hamper European competitiveness in AI. Prominent stakeholders, including Swedish Prime Minister Ulf Kristersson and Bosch CEO Stefan Hartung, have called for a delay. Eoghan O’Neill from the European Commission stated that finalized rules will be ready in July, emphasizing the need for specific obligations to address potentially harmful AI models, shaped by a diverse group of stakeholders. However, industry leaders argue that heavy regulations stifle growth, and Fabrizio Del Maffeo from Axelera AI highlighted Europe’s struggle to scale startups compared to North America. He advocated for the proposed “EU Inc” framework to support easier operations across the EU. More investment and an emphasis on scaling existing companies rather than just launching new ones are essential. Additionally, there’s potential for Europe to attract talent back from the US, seeking purpose-driven work.
Source link
Share
Read more