Will EU’s New AI Law Strangle Innovation or Protect Us All?

Is Europe shooting itself in the foot with its new AI regulations, or are these just the growing pains of becoming a global tech leader?

The EU's new Artificial Intelligence Act aims to regulate AI technologies to ensure ethical use, but tech startups fear it may stifle innovation. There are concerns over the high compliance costs, likened to a “tax” on small companies. Despite this, there is a clear necessity of safeguards for potentially harmful AI products.

The Act categorizes AI systems by risk level, imposing stringent requirements on "high risk" applications such as biometric identification and critical infrastructure. While EU officials argue these regulations will foster trust and innovation, critics warn of vague guidelines and potential bureaucratic chaos.

How can Europe balance innovation and regulation without hampering its own tech growth?

Read the full article on Financial Times.

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