Some of Europe’s largest companies have criticized the so-called “Artificial Ielligence Act” (AI Act), which was passed last moh, claiming that the AI Act is useless and could have a negative impact on competition in this field.
According to the Financial Times, more than 150 CEOs from companies such as Renault (French car maker), aerospace industry company Airbus and Siemens se an open letter to the European Parliame, the Commission and EU member states against the artificial ielligence law due to its risks to competitiveness and technological governance. Europe has criticized.
Last moh, the European Parliame draft It passed the AI Act after two years of developing its legislation, which includes some rece developmes in the field, such as large language artificial ielligence models (LLM) and foundational models, such as OpenAI’s GPT-4. Of course, there are still several steps left uil the implemeation of this new law, and the final rules are expected to be announced by the end of this year.
The signatories of the letter claim that the curre version of the AI law will stifle the poteial that the technology provides for European tech regrowth. They have argued that the laws passed are too extreme, and instead of providing an enabling environme for AI-related innovation, they jeopardize its ambitions.
Artificial Ielligence Law Concerns
One of the main concerns raised in the letter is the AI Act’s tougher rules, which specifically target generative AI systems or basic models. According to the approved law, providers of AI-based models must register their product in the EU, undergo a risk assessme and meet requiremes such as “providing data information related to the training of their model”.
They have also asked the European Union to create a regulatory body with the help of experts in this industry to oversee the design of its law at the same time as the developme of artificial ielligence coinues.
On the other hand, Elon Musk is one of the supporters of the artificial ielligence law and has repeatedly spoken about the dangers of this technology. He last said last moh that the lack of legislation for artificial ielligence would have disastrous consequences.
