European business and tech leaders advocate for delaying the full implementation of the EU AI Act due to concerns that it may hinder growth and innovation. They argue that unclear and complex regulations jeopardize Europe's AI competitiveness. A letter from over 45 signatories suggests implementing a two-year pause on the Act's key obligations to develop practical standards. The postponement aims to signal a commitment to regulatory quality and supports a stable environment for innovation and investment in Europe.
At a time of unprecedented technological, economic, and geopolitical change, Europe's ability to lead in AI innovation and adoption will be critical to meet the competitiveness and sovereignty challenges so clearly identified by Mario Draghi.
Unfortunately, this balance is currently being disrupted by unclear, overlapping, and increasingly complex EU regulations. This puts Europe's AI ambitions at risk, as it jeopardises not only the development of European champions, but also the ability of all industries to deploy AI at the scale required by global competition.
This postponement, coupled with a commitment to prioritise regulatory quality over speed, would send innovators and investors around the world a strong signal that Europe is serious about its simplification and competitiveness agenda.
The letter proposes a two-year 'clock-stop' on key obligations of the AI Act, delaying enforcement until practical standards and implementation guidance are in place.
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