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European VCs and tech firms sign open letter warning against over-regulation of AI in draft EU laws (techcrunch.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Major tech founders, CEOs, VCs and industry giants across Europe have signed an open letter to the EU Commission, warning that Europe could miss out on the generative AI revolution if the EU passes laws stifling innovation.

Executives from 150 businesses highlighted the risks of tight regulation, saying the rules could threaten the ability of European companies to compete in AI.

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[–] [email protected] 1 points 1 year ago

With generative AI and it’s harmful impacts being the hot topic right now, I can see how the EU regulations are garnering so much attention and support right now. Even if they do pass the regulations, it’s still going to be important that other countries (US, Canada, Japan, South Korea, etc) get on board or I can easily see the EU being left behind in this space. Like you said, some sort of protections by the EU are going to be important.

With that said, I just don’t see how these regulations remain long term if there isn’t buy in from other countries.