"The AI Act isn't the problem. That's not why Europe is lagging behind when it comes to innovation."
That's my main takeaway from yesterday's seminar at Martinsson Law. #artificialintelligence #geopolitics #innovation
Follow
@araneida if "innovation" here means even more power to huge companies, then I am happy to live in Europe.
I think human rights and democracy are much more important than "innovation", and I suspect that people in Europe are generally better off as human beings.
For example GDPR, someone may claim that GDPR is hindering "innovation". That may be true, but GDPR may still be good. Increased profits and power of huge companies is not (or at least it should not be) the goal of our societies.
From what I heard at Data Natives, it's not a problem for huge companies. It's the startups in Europe that experience problems when they can't access the latest models from the US. There are barely any LLMs coming out of the EU. Startups start thinking about moving to the States.
I do agree, regulation is necessary and ethics need to be in focus when it comes to the next steps in AI. But the EU needs more incentives for innovation if we're to keep the brilliant minds.