The EU may face a skills shortage of its brightest businessmen and creative enterprises by enforcing these pricey standards.
The European Union is now debating what could be the world’s first extensive artificial intelligence law (AI), which aims to strengthen Europe’s position as a leader in developing technology. Although the new regulation aims to minimize government surveillance, it actually constitutes a danger to innovation in multiple ways. Policymakers in the United States should pay attention to avoid making a similar blunder. The proposed Artificial Intelligence Act (AIA) in the EU will divide AI operations into categories based on their assessed danger level.