EU passes landmark AI law to regulate tech giants, but startups fear collateral damage
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The EU passed historic legislation to regulate artificial intelligence systems based on their risk levels. Some experts argue it does not address threats from big tech monopolies.
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The law takes a risk-based approach, with stricter rules for systems deemed "high-risk" or "systemic risks." Startups welcomed the clarity, but some say info-space AI should face more scrutiny.
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The law could hurt smaller companies with extra constraints. But proponents say businesses must prepare for compliance, though concessions are planned for startups and SMEs.
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Experts say focus now shifts to effective implementation and enforcement. That requires adequate resourcing and collaboration with civil society on codes of practice.
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Overall the law addresses ethics and transparency concerns, but some worry it may advantage foreign competitors and prevent European AI champions emerging.