Siemens and SAP CEOs criticize European AI legislation, claiming it hinders innovation and makes Europe less competitive. They advocate for revising the AI Act, which aims to ensure AI safety and transparency but is feared to undermine company innovation. Recently, 46 CEOs requested a two-year delay for the Act, but the timeline remains unchanged. Busch asserts that Europe has untapped data resources, while criticizing the Data Act as detrimental. Klein warns against simply mimicking US strategies, emphasizing the need for a broader approach beyond infrastructure investments.
Siemens CEO Roland Busch sees the AI Act as a major reason why Europe is lagging, stating, "We are sitting on a treasure trove of data in Europe, but we are not yet able to tap into it." He argues that the difficulty lies not in computing capacity, but in the release of resources.
SAP CEO Christian Klein cautioned against merely imitating the US approach, asserting that Europe must not focus solely on infrastructure investment, as infrastructure deficits are not the primary obstacle to progress.
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