European SMEs are raising concerns about potential changes to the EU's AI Act, fearing it could impact barriers to entry for smaller businesses. Experts argue that the exclusion of foundation models from the act could hinder innovation and compliance for SMEs. Tech leaders and analysts anticipate a significant impact of AI in 2024, but some caution that the act risks becoming obsolete without including foundation models.
More experts speak out in 🇮🇹 press @sole24ore about the need for the #AIAct to regulate developers, not just downstream users. Big Tech must not be allowed to push compliance costs downstream, damaging #EU innovation + business in the process. https://t.co/m8IwKJeYjN https://t.co/rpr8W5M0yM
Tech leaders sound off on new AI regulations https://t.co/sbTSKhsFCK
#MustRead: Potential changes to the EU’s AI Act are facing scrutiny by European SMEs, which are concerned that the regulation could impact barriers to entry for smaller businesses in this sector. https://t.co/ujlUfAn8il
Potential changes to the EU’s AI Act are facing scrutiny by European SMEs, which are concerned that the regulation could impact barriers to entry for smaller businesses in this sector. https://t.co/ujlUfAnG7T
The EU AI Act risks being obsolete before it's even in effect unless foundation models are included. It will inhibit downstream applications while exempting those most able to address the systemic risks. https://t.co/UksAttJ1ew
2024 is going to be the year that AI really explodes, according to TECHnalysis Research chief analyst @bobodtech, adding the “impact is going to be enormous.” https://t.co/56hDYuGJoB
European SMEs raise issue with potential AI Act changes https://t.co/ujlUfAn8il
Exempting foundation models with make it extremely difficult for SMEs to comply, creating barriers to entry. It will jeapordise innovation for thousands of businesses. @EUdigitalsme speaks out against watering down of #AIAct by 🇩🇪🇮🇹🇫🇷 (+ Big Tech). https://t.co/LSWUshcYx9
Tech CEO's ambitious 5-year timeline for 'competitive' AI comes with caveats, experts argue https://t.co/bGiD1gbvNr