The EU AI Act aims to foster trust in AI technologies while providing businesses with clear rules, balancing innovation with the need to mitigate risks associated with automation.
The AI Act's goal is to ensure a human-centered approach to AI, thereby increasing public trust and encouraging the uptake of AI technologies through regulatory measures.
Critics argue that the EU AI Act might hinder European innovation and competitiveness, despite provisions like regulatory sandboxes designed to support local AI entrepreneurs.
The early discussions around the AI Act revealed a consensus that while there is a pressing need for regulation, concerns about stifling innovation persist.
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