On February 2, 2025, Chapters I and II of the European Union’s AI Act came into force, introducing key provisions on prohibited AI practices and AI literacy. These regulations will impact both providers and deployers of AI systems, emphasizing the need for compliance even for businesses operating outside the EU.
Top executives from Meta and Google criticized Europe’s AI regulations at the Techarena conference, arguing that these laws delay product launches and hinder competitiveness in AI. They emphasized the need for updated regulations that encourage innovation rather than impose heavy compliance burdens.
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