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Carme Artigas, co-chair of the UN advisory board on AI, asserts that European companies are misled into believing the EU AI Act stifles innovation. She emphasizes that this narrative, promoted by the US, aims to disincentivize investment in Europe. Artigas argues that the main goal of the AI Act is to provide certainty for citizens and encourage widespread adoption of AI technologies.
Lucilla Sioli, head of the European Commission's AI Office, supports the notion that regulation is necessary to build consumer trust in AI products. Despite the AI Act's complexities, it primarily involves self-assessment for companies, with most systems facing minimal obligations. Concerns remain about the potential negative impact of the AI Act on the European AI ecosystem, as highlighted by industry leaders.
• Artigas claims EU AI Act is misrepresented as harmful to innovation.
• Only 8% of EU companies utilized AI technologies in 2023.
The AI Act is the world's first binding law regulating AI systems based on their risk.
GDPR is a regulation that governs data protection and privacy in the EU, impacting AI development.
High-risk AI systems must comply with stringent requirements, including risk mitigation and data quality.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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