AI Summary: Over 150 executives from major European companies, including Renault, Heineken, Airbus, and Siemens, have criticized the EU’s Artificial Intelligence Act, claiming it could harm Europe’s competitiveness and technological sovereignty. The executives argue that the Act’s strict rules, particularly those targeting generative AI systems, could lead to disproportionate compliance costs and liability risks, potentially driving AI providers out of the European market. They have called for a regulatory body of AI industry experts to monitor the Act’s application as the technology evolves.
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