The tech world is buzzing as nearly 50 European corporate heavyweights—including Airbus, ASML, and Mercedes-Benz—urge the EU to halt its landmark AI Act, calling it a threat to global competitiveness. 🚨
In an open letter to European Commission President Ursula von der Leyen, CEOs warned that the law’s ‘unclear and overlapping rules’ could stifle innovation, risking Europe’s position in the AI race. The letter, organized by the EU AI Champions Initiative, proposes a two-year pause and a shift toward ‘innovation-friendly’ policies. 💡
Launched in August 2023, the AI Act is the world’s first comprehensive AI regulation. But critics argue it’s like ‘trying to build a plane mid-flight’—slowing progress while rivals like the U.S. and China surge ahead. 📉🇺🇸🇨🇳
Why it matters: With AI shaping everything from healthcare to self-driving cars, Europe’s regulatory approach could determine whether it becomes a leader or lags in the ‘tech Cold War.’ 🔥 Will Brussels listen? 🤔
