The proposed EU Artificial Intelligence legislation would jeopardise Europe's competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta .
Signatories of previous letters included Elon Musk, OpenAI CEO Sam Altman, and Geoffrey Hinton and Yoshua Bengio - two of the three so-called "godfathers of AI".
The third, Yann LeCun, who works at Meta, signed Friday's letter challenging the EU regulations. Other signatories included executives from a diverse set of companies such as Spanish telecom company CellnexThose companies, along with Renault and Meta, did not respond immediately to requests for comment.
The letter warned that under the proposed EU rules technologies like generative AI would become heavily regulated and companies developing such systems would face high compliance costs and disproportionate liability risks. Such regulation could lead to highly innovative companies moving their activities abroad and investors withdrawing their capital from the development of European AI in general, it said.
OpenAI's Altman, who had in May threatened to pull ChatGPT from Europe if it becomes too hard to comply with upcoming AI laws, laterReporting by Supantha Mukherjee in Stockholm; Editing by Jamie FreedSupantha leads the European Technology and Telecoms coverage, with a special focus on emerging technologies such as AI and 5G. He has been a journalist for about 18 years. He joined Reuters in 2006 and has covered a variety of beats ranging from financial sector to technology.
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