European companies sound alarm over draft AI law

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Source: Financial Times

Dozens of Europe’s largest companies, including Germany’s Siemens and France’s Airbus, have spoken out against proposed EU artificial intelligence regulation, saying the rules risk harming competitiveness yet fail to deal with potential challenges.

The companies, in an open letter signed by more than 150 executives, told Europe’s institutions that AI offered the “chance to rejoin the technological avant-garde” but regulation that was too tough could stifle that opportunity.

“In our assessment, the draft legislation would jeopardise Europe’s competitiveness and technological sovereignty without effectively tackling…

Read full article: https://www.ft.com/content/9b72a5f4-a6d8-41aa-95b8-c75f0bc92465

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