The CEOs of 44 major European companies, including Airbus and BNP Paribas, have called for a two-year pause on the EU’s upcoming AI Act, citing concerns that unclear regulations could hinder Europe’s competitiveness in the global AI landscape. This plea follows intense lobbying amid fears that the act may impose burdensome requirements on smaller firms, impacting their ability to innovate against larger US tech rivals.
Explain It To Me Like I’m 5: Big bosses from big European companies, like Airbus and BNP Paribas, are asking the European leaders to pause new rules about robots and smart computers because they think the rules are too confusing and could make it hard for companies in Europe to compete with others in the world.
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