Digital Europe, an advocacy group that represents digital industries across the continent, has released a joint statement ahead of the EU’s AI Act’s final weeks of negotiations, warning that over-regulation could stymie innovation and cause startups to leave the region.
The group’s core argument is that the AI Act now goes beyond its original intended scope, and should instead remain focused on high-risk use cases, rather than being directed at specific technologies. Digital Europe also warned that the financial burden the Act could place on companies wanting to bring AI-enabled products to market could make operating out of the EU unstainable for smaller organizations.
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