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In a letter to EU policymakers, over 150 enterprise leaders from varied sectors, together with Meta, Renault, Siemens, Heineken, and Airbus, expressed considerations in regards to the draft AI regulation that the EU agreed on this month.
They argued that the proposed guidelines would undermine Europe’s technological sovereignty and competitiveness whereas not addressing the potential points that AI would possibly pose. The letter urged the EU to rethink its strategy and embrace AI to regain its edge in innovation.
It additionally cautioned that the recommended EU laws would end in stringent oversight of applied sciences like generative AI, imposing vital compliance bills and disproportionate legal responsibility dangers on firms growing such techniques.
“In our evaluation, the draft laws would jeopardise Europe’s competitiveness and technological sovereignty with out successfully tackling the challenges we’re and shall be dealing with,”
the letter addressed the European Fee.
The letter additional harassed that Europe should take motion and proposed that regulators in Brussels develop a regulation centered on broad ideas and a risk-based strategy as an alternative of solely specializing in generative AI and strict compliance measures.
Overregulation might immediate revolutionary firms to relocate their operations abroad and trigger buyers to withdraw their monetary help from the development of AI in Europe. OpenAI’s CEO, Sam Altman, already talked about that the corporate would possibly go away Europe if the foundations are enforced. He recommended altering the definition of general-purpose AI techniques and criticized the EU AI Act.
There’s additionally rising concern in regards to the potential risks of the quickly evolving expertise, with requires regulation rising since November when OpenAI launched ChatGPT.
Numerous open letters had been revealed advocating for AI regulation, halting the coaching of highly-capable AI techniques, and expressing considerations in regards to the potential hazard of AI resulting in human extinction. These letters had been signed by influential figures like Elon Musk and Sam Altman, executives from Microsoft and Google, in addition to Geoffrey Hinton and Yoshua Bengio, acknowledged as distinguished pioneers in AI.
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