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Time of India
7 hours ago
- Business
- Time of India
Tech lobby group urges EU leaders to pause AI Act
STOCKHOLM: Tech lobbying group CCIA Europe , whose members include Alphabet, Meta and Apple, on Thursday urged European Union to pause implementation of the AI Act , saying a rushed roll-out risks jeopardizing the continent's AI aspirations. Europe's landmark AI rules entered into force in June last year with various provisions to be implemented in a phased manner. Important provisions of the EU AI Act, including rules for general purpose AI (GPAI) models, were due to apply on August 2. But some parts of the GPAI, which were expected to be published on May 2, got delayed. "With critical parts of the AI Act still missing just weeks before rules kick in, we need a pause to get the Act right, or risk stalling innovation altogether," said Daniel Friedlaender, CCIA Europe's senior vice president. Political leaders such as Swedish Prime Minister Ulf Kristersson have also called AI rules "confusing" and asked the EU to pause the Act, ahead of a meeting with other EU leaders in Brussels on Thursday. More than two-thirds of European businesses said they struggle to understand their responsibilities under the EU AI Act, according to a survey by Amazon Web Services. The EU AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. "We are currently implementing the AI Act," EU tech chief Henna Virkkunen told EU lawmakers earlier this month when asked if she would consider a temporary halt to enforcing the AI Act. "I want to implement it in a very innovation friendly manner ... the main concern among some stakeholders is that this is hindering innovations."
The Hindu
7 hours ago
- Business
- The Hindu
Tech lobby group urges EU leaders to pause AI Act
Tech lobbying group CCIA Europe, whose members include Alphabet, Meta and Apple, on Thursday urged European Union to pause implementation of the AI Act, saying a rushed roll-out risks impacting the continent's AI aspirations. Europe's landmark AI rules entered into force in June last year with various provisions to be implemented in a phased manner. Important provisions of the EU AI Act, including rules for general purpose AI (GPAI) models, were due to apply on August 2. But some parts of the GPAI, which were expected to be published on May 2, got delayed. "With critical parts of the AI Act still missing just weeks before rules kick in, we need a pause to get the Act right, or risk stalling innovation altogether," said Daniel Friedlaender, CCIA Europe's senior vice president. Political leaders such as Swedish Prime Minister Ulf Kristersson have also called AI rules "confusing" and asked the EU to pause the Act, ahead of a meeting with other EU leaders in Brussels on Thursday. More than two-thirds of European businesses said they struggle to understand their responsibilities under the EU AI Act, according to a survey by Amazon Web Services. The EU AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. "We are currently implementing the AI Act," EU tech chief Henna Virkkunen told EU lawmakers earlier this month when asked if she would consider a temporary halt to enforcing the AI Act. "I want to implement it in a very innovation friendly manner ... the main concern among some stakeholders is that this is hindering innovations."
Economic Times
8 hours ago
- Business
- Economic Times
Tech lobby group urges EU leaders to pause AI Act
Tech lobbying group CCIA Europe, whose members include Alphabet, Meta and Apple, on Thursday urged European Union to pause implementation of the AI Act, saying a rushed roll-out risks jeopardizing the continent's AI aspirations. Europe's landmark AI rules entered into force in June last year with various provisions to be implemented in a phased manner. Important provisions of the EU AI Act, including rules for general purpose AI (GPAI) models, were due to apply on August 2. But some parts of the GPAI, which were expected to be published on May 2, got delayed. "With critical parts of the AI Act still missing just weeks before rules kick in, we need a pause to get the Act right, or risk stalling innovation altogether," said Daniel Friedlaender, CCIA Europe's senior vice president. Political leaders such as Swedish Prime Minister Ulf Kristersson have also called AI rules "confusing" and asked the EU to pause the Act, ahead of a meeting with other EU leaders in Brussels on Thursday. More than two-thirds of European businesses said they struggle to understand their responsibilities under the EU AI Act, according to a survey by Amazon Web Services. The EU AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. "We are currently implementing the AI Act," EU tech chief Henna Virkkunen told EU lawmakers earlier this month when asked if she would consider a temporary halt to enforcing the AI Act. "I want to implement it in a very innovation friendly manner ... the main concern among some stakeholders is that this is hindering innovations." Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks. Stock Radar: Titan Company breaks out from 3-month consolidation; check target & stop loss for long positions For risk-takers: More than bullish, be selective; 5 mid-cap stocks from different sectors with an upside potential of up to 38% Multibagger or IBC - Part 12: If transition is successful then there is no limit. But there is a big 'IF' These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts
Time of India
11 hours ago
- Business
- Time of India
Tech lobby group urges EU leaders to pause AI Act
Academy Empower your mind, elevate your skills Tech lobbying group CCIA Europe , whose members include Alphabet , Meta and Apple, on Thursday urged European Union to pause implementation of the AI Act , saying a rushed roll-out risks jeopardizing the continent's AI landmark AI rules entered into force in June last year with various provisions to be implemented in a phased provisions of the EU AI Act, including rules for general purpose AI (GPAI) models, were due to apply on August 2. But some parts of the GPAI, which were expected to be published on May 2, got delayed."With critical parts of the AI Act still missing just weeks before rules kick in, we need a pause to get the Act right, or risk stalling innovation altogether," said Daniel Friedlaender, CCIA Europe's senior vice leaders such as Swedish Prime Minister Ulf Kristersson have also called AI rules "confusing" and asked the EU to pause the Act, ahead of a meeting with other EU leaders in Brussels on than two-thirds of European businesses said they struggle to understand their responsibilities under the EU AI Act, according to a survey by Amazon Web EU AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control."We are currently implementing the AI Act," EU tech chief Henna Virkkunen told EU lawmakers earlier this month when asked if she would consider a temporary halt to enforcing the AI Act."I want to implement it in a very innovation friendly manner ... the main concern among some stakeholders is that this is hindering innovations."
Straits Times
13 hours ago
- Business
- Straits Times
Tech lobby group urges EU leaders to pause AI Act
Europe's landmark AI rules entered into force in June 2024 with various provisions to be implemented in a phased manner. PHOTO: REUTERS STOCKHOLM - Tech lobbying group CCIA Europe, whose members include Alphabet, Meta and Apple, on June 26 urged European Union to pause implementation of the AI Act, saying a rushed roll-out risks jeopardising the continent's AI aspirations. Europe's landmark AI rules entered into force in June 2024 with various provisions to be implemented in a phased manner. Important provisions of the EU AI Act, including rules for general purpose AI (GPAI) models, were due to apply on August 2. But some parts of the GPAI, which were expected to be published on May 2, got delayed. 'With critical parts of the AI Act still missing just weeks before rules kick in, we need a pause to get the Act right, or risk stalling innovation altogether,' said Mr Daniel Friedlaender, CCIA Europe's senior vice-president. Political leaders such as Swedish Prime Minister Ulf Kristersson have also called AI rules 'confusing' and asked the EU to pause the Act, ahead of a meeting with other EU leaders in Brussels on June 26. More than two-thirds of European businesses said they struggle to understand their responsibilities under the EU AI Act, according to a survey by Amazon Web Services. The EU AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's approach aims to maintain social stability and state control. 'We are currently implementing the AI Act,' EU tech chief Henna Virkkunen told EU lawmakers earlier in June when asked if she would consider a temporary halt to enforcing the AI Act. 'I want to implement it in a very innovation friendly manner ... the main concern among some stakeholders is that this is hindering innovations.' REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
