BusinessEurope Reacts to Political Deal on EU AI Act
Dec 11, 2023
In response to the historical political deal reached by EU co-legislators on the AI Act, Director General of BusinessEurope Markus J. Beyrer expressed concerns regarding the potential impact on companies and AI investments in Europe. Beyrer stated, "The potential lack of legal certainty is a concern for companies and may hamper AI investments in Europe, hurting our global competitiveness."
Beyrer further commented on the necessity of a comprehensive rulebook on AI, acknowledging the positive step taken with the political deal on the AI Act. However, he highlighted the importance of paying attention to the details, noting that the rushed nature of the deal has left many open questions and may lead to market confusion.
Looking ahead, Beyrer emphasized the importance of additional guidelines and secondary legislative actions to provide a clearer direction for both industry and society. He stressed the need for high-quality legislation, drawing parallels to the GDPR legislation and noting that the true impact of the AI Act will be evaluated over time.
In conclusion, Beyrer cautioned against the potential negative consequences of a lack of legal certainty and emphasized the critical need to avoid any hindrance to AI investments in Europe.