Tech Giants React Differently to the EU’s AI Act’s Unveiling

The AI Act, the first complete piece of AI law in the world, was released by the European Union (EU) in a ground-breaking step. Tech businesses have reacted differently to the adoption of this ground-breaking framework, with some expressing joy and others voicing worries about possible innovation stifling.

The main objective of the AI Act is to ensure the safe, moral, and responsible use of the technology. It lays out an organised approach to the development and implementation of AI inside the EU. The Act categorises AI systems into three categories: unacceptable risk, high risk, and low risk. It expressly forbids unacceptable risk systems, imposes strict rules on high risk systems, and imposes minimum regulations on low risk systems.

Some IT firms have praised the AI Act for creating a level playing field for AI users and developers throughout the EU. They contend that the law will protect AI usage in a way that upholds basic liberties and human rights.

On the other hand, numerous IT firms have voiced concern about the possible effects of the AI Act. They claim that the Act’s provisions are unduly onerous and might hinder the creation and implementation of novel AI-powered goods and services.

Although the AI Act’s actual application is still in its early stages, it is clear that this piece of legislation has the potential to have a significant impact on the development and use of AI throughout the EU.

Here are a few noteworthy responses to the EU’s AI Act from well-known IT companies:

Google: We are confident that this law will promote innovation while ensuring the safe, moral, and responsible use of AI.
Microsoft says it is satisfied that this law will ensure that AI is used in a way that preserves basic freedoms and human rights.
Facebook: The legislation’s onerous standards may make it more difficult for businesses to create and market cutting-edge AI-powered goods and services.
Amazon: “We have some worries about the possible effects on innovation of the proposed AI Act from the European Commission. It is crucial to find a balance between promoting innovation and guaranteeing the safe and responsible use of AI.

The AI Act is a complex piece of legislation, and its full application and effects have not yet been defined. However, it is clear that this ground-breaking law has the potential to profoundly influence how AI is developed and used in the EU.