What the Chief Says: the EU AI Act – cracking the code or curbing competitiveness?

Leading ahead of the United States and others around the world, yet still playing catchup to reality, the European Union is set to pass a first-of-its-kind AI legislation to ensure a human-centric and ethical development of AI in Europe, as well as promote new transparency and risk-management rules for AI systems. What will this legislation mean for the EU’s innovation power and competitiveness in critical sectors and beyond? What are the potential benefits and drawbacks of the AI Act for businesses and industries that rely on AI technologies? Will it be enough to ensure the ethical use of AI or is it but the first of many checks and balances to come?

This conversation sought to make sense of the challenges of regulating AI and how the EU plans to maintain a competitive edge in the AI revolution. The 60-minute discussion included a 10-minute introduction by MEP Dragoş Tudorache, co-rapporteur of the AI Act and Vice-Chair of the Renew Europe Group, followed by comments and questions from Friends of Europe’s members.

‘What the Chief Says’ events are informal and off-the-record roundtable debates that offer our members the exclusive opportunity to engage directly with a senior decision-maker from a European institution or government and get to the heart of a specific policy issue. These events are geared to be in tune with the interests of our members and are strategically linked to emerging trends within the EU sphere. Allowing us to identify opportunities and challenges in the European Commission’s agenda, these events discuss the ‘nitty gritty’ of policies affecting Europe in the next years and beyond.

This event took place on an online platform upon registration. Follow us on Twitter, LinkedIn, Instagram or Facebook, and join the #StateofEU discussion!

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PHOTO CREDITS: Dragos Tudorache