Wednesday, August 06, 2025

The EU AI Act aims to create a level playing field for AI innovation

I think, the EU was pretty stupid as usual to come out with such a massive legislation at this early stage of the machine learning & AI revolution!

The primary aims of this legislation are also quite misguided like environmental protection or safety!

Like shooting oneself in the foot!

"... With timely regulation, the EU seeks to create a level playing field across the region and foster trust, which could also create opportunities for emerging companies. However, the common framework that it has adopted is not exactly permissive: Despite the relatively early stage of widespread AI adoption in most sectors, the EU AI Act sets a high bar for what AI should and shouldn’t do for society more broadly. ...

According to European lawmakers, the framework’s main goal is to “promote the uptake of human centric and trustworthy AI while ensuring a high level of protection of health, safety, fundamental rights as enshrined in the Charter of Fundamental Rights of the European Union, including democracy, the rule of law and environmental protection, to protect against the harmful effects of AI systems in the Union, and to support innovation.” ..."

The EU AI Act aims to create a level playing field for AI innovation: Here's what it is | TechCrunch

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