The EU AI Act seeks to implement rules for general-purpose AI models on August 2, amidst apprehensions about over-regulation hindering Europe's competitiveness. Key figures, such as Swedish Prime Minister Ulf Kristersson and Bosch CEO Stefan Hartung, advocate for delaying the roll-out. The European Commission plans to finalize guidelines in July after drafting them with various stakeholders. Fabrizio Del Maffeo of Axelera AI emphasizes that the multitude of regulations in Europe stifles growth and complicates expansion due to diverse markets and languages.
"This is a big, sophisticated technology, and we want to get it right. We need specific obligations to capture some of the most impactful or potentially harmful models under the AI Act."
"Europe is not the United States. We have many languages, many markets, and many regulations - both European and local. And these are stifling growth because they create borders, making it difficult for companies to expand."
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