Siemens and SAP Urge EU to Revise AI Regulations
In a recent statement, the CEOs of Siemens and SAP have called on the European Union to reconsider its artificial intelligence (AI) regulations. They argue that the existing framework is inhibiting innovation within the technology sector.
The Need for a New Regulatory Framework
Christian Klein, CEO of SAP, and Roland Busch, CEO of Siemens, expressed their concerns in an interview with a major German newspaper. They contend that a new regulatory framework is essential to foster technological advancement rather than impede it.
The current regulations stem from the EU’s AI Act, which was enacted last year. This legislation is designed to manage the development and application of AI systems, ensuring that they are safe, transparent, and respect fundamental rights.
Classification of AI Applications
The AI Act categorizes AI applications based on risk levels, requiring providers to meet specific security and transparency criteria. However, Busch pointed out that these regulations have contributed to Europe falling behind in technological innovation. He noted that overlapping and often contradictory rules are obstructing progress.
Concerns Over Data Regulations
Busch specifically criticized the EU’s Data Act, which outlines the obligations for companies regarding the use of consumer and corporate data. He labeled this legislation as “toxic” for the development of digital business models, emphasizing that it complicates the landscape for innovation.
Comparative Infrastructure Investments
While some of the tech giants, including Google and Meta, have recently appealed to the EU for a delay in implementing these rules, Busch refrained from signing their letter. He argued that the proposed changes were insufficient.
Klein echoed these sentiments, cautioning against merely emulating the United States by heavily investing in infrastructure and data centers. He emphasized that the primary issue in Europe is not a shortage of infrastructure but rather the restrictive data regulations that limit access to valuable resources.
Unlocking Europe’s Data Potential
Both CEOs highlighted the vast potential of data available in Europe. Busch remarked, “We are sitting on a treasure trove of data in Europe, but we are not yet able to tap into it.” He further clarified that the challenge lies not in the lack of computing capacity but in the ability to effectively utilize existing resources.
Conclusion
The call from Siemens and SAP underscores a critical debate regarding the balance between regulation and innovation in the AI sector. As the landscape evolves, the EU’s approach to AI legislation will be pivotal in determining the region’s competitive edge in the global technology arena.
