EU's Proposed AI Legislation Could Hurt Europe's Competitiveness and Scare Investors, Company Executives Say

The proposed EU Artificial Intelligence legislation would jeopardise Europe's competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta.

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EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose AI-generated content, help distinguish so-called deep-fake images from real ones and ensure safeguards against illegal content.

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Since ChatGPT became popular, several open letters have been issued calling for regulation of AI and raising the "risk of extinction from AI."

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Signatories of previous letters included Elon Musk, OpenAI CEO Sam Altman, Geoffrey Hinton and Yoshua Bengio - two of the three so-called "godfathers of AI".

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The third, Yann LeCun, who works at Meta, signed Friday's letter challenging the EU regulations. Other signatories included executives from a diverse set of companies such as Spanish telecom company Cellnex, French software company Mirakl, and German investment bank Berenberg.

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Those companies, along with Renault and Meta, did not respond immediately to requests for comment.

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EU's Proposed AI Legislation Could Hurt Europe's Competitiveness and Scare Investors, Company Executives Say

Over 160 executives at companies ranging from Renault to Meta signed an open letter over proposed AI rules.

Brought to you by Trickyenough

The proposed EU Artificial Intelligence legislation would jeopardise Europe's competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta.

Brought to you by Trickyenough

EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose AI-generated content, help distinguish so-called deep-fake images from real ones and ensure safeguards against illegal content.

Brought to you by Trickyenough

Since ChatGPT became popular, several open letters have been issued calling for regulation of AI and raising the "risk of extinction from AI."

Brought to you by Trickyenough

Signatories of previous letters included Elon Musk, OpenAI CEO Sam Altman, Geoffrey Hinton and Yoshua Bengio - two of the three so-called "godfathers of AI".

Brought to you by Trickyenough

The third, Yann LeCun, who works at Meta, signed Friday's letter challenging the EU regulations. Other signatories included executives from a diverse set of companies such as Spanish telecom company Cellnex, French software company Mirakl, and German investment bank Berenberg.

Brought to you by Trickyenough

Those companies, along with Renault and Meta, did not respond immediately to requests for comment.

Brought to you by Trickyenough