As AI continues to reshape industries, balancing innovation with responsibility is crucial, necessitating governance frameworks to ensure ethical deployment. While some jurisdictions, like the EU and China, have established regulations, others, including the US, are still navigating the complexities of AI governance.
Meta Platforms Inc., Adobe Inc., and over 70 other publicly-traded US companies are warning that the EU’s Artificial Intelligence Act poses significant risks to their businesses due to compliance costs and potential legal liabilities. The act’s implementation may force companies to alter their product offerings in the EU while facing aggressive enforcement actions.
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