More than 150 European companies signed an open letter and protested that the AI regulation bill ``does not address current issues and only undermines competitiveness''
More than 150 European companies, including automaker
AI Law Draws Pushback From Big Brands in Europe - WSJ
https://www.wsj.com/articles/ai-law-draws-pushback-from-big-brands-in-europe-9a703f2
European VCs and tech firms sign open letter warning against over-regulation of AI in draft EU laws | TechCrunch
European companies slam the EU's incoming AI regulations in open letter - The Verge
https://www.theverge.com/2023/6/30/23779611/eu-ai-act-open-letter-artificial-intelligence-regulation-renault-siemens
European companies hate the EU's new AI rules — here's why
https://thenextweb.com/news/open-letter-eu-ai-act-regulation-stifle-innovation-artificial-intelligence
Regarding the `` bill regulating the use of AI ' ' that is being considered for introduction in the EU, the European Parliament said, ``This bill follows a risk-based approach, and depending on the level of risk that AI may create, providers and users We have established obligations and will ban AI systems that carry an unacceptable level of risk.'
This bill regulates the use of AI in society and classifies the risks posed by the use of AI into four levels: 'unacceptable risk', 'high risk', 'limited' and 'minimal'. Based on the categorized risk tier, AI should be prohibited, monitored under certain audit requirements, and minimal transparency should be ensured.
What kind of law is the EU to approve the `` bill to regulate the use of AI '' within 2023? -GIGAZINE
On the other hand, an open letter signed by more than 150 European company executives and AI researchers, including Siemens and Airbus, said, 'The proposed legislation could over-regulate basic AI models, regardless of use case. It is claimed that
The open letter warned that the bill would unbalance the costs of compliance for companies and the risks of liability, causing companies and investors to leave Europe as they develop new AI innovations. 'This bill will not address the challenges we face and will face and will threaten Europe's competitiveness and technological leadership,' it said. It has been pointed out that there is a possibility that AI development will fall further behind the United States. Furthermore, referring to the fact that large-scale language models are embedded in everything from search engines to AI assistants, he said, ``The impact of this bill will extend from the economy to the culture.''
Jeannette zu Fürstenberg, one of the signatories of the letter, said: ``We have come to the conclusion that AI regulation legislation in the EU, in its current form, will have a devastating impact on European competitiveness.'' said .
In addition, the open letter calls on EU lawmakers to withdraw their stringent compliance obligations for generative AI models, under the declaration that ``Europe cannot afford to remain on the sidelines.'' Instead, it proposes to focus on those that can address 'broader principles in a risk-based approach.' Specifically, it calls on the EU to set up a regulatory body of industry experts to oversee the correct operation of the law as AI technology advances. The establishment of a regulatory body will allow AI technology to adapt to further advances and risks.
In addition, it has expressed support for mandatory safety testing of new AI systems, standard labeling of AI-generated content, and duty of care in AI model development, which are included in bills under consideration in the EU.
Meanwhile, lawmaker Dragos Tudrash, who co-led the drafting of the AI regulation law, said, ``The companies and people who signed the letter did not read the text carefully and were encouraged by a few people with vested interests in the topic. I am convinced that I responded to In addition, the EU bill is 'an industry-led process for defining standards, governance with the industry, and a small amount of regulation to pursue transparency. No,” he said.
The bill will need to be approved by the European Commission, the European Parliament, and member states in the future, and overseas media The Next Web said, ``This bill is not scheduled to come into force until at least 2026.'' .
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