Over 150 executives from European companies like Renault, Heineken, Airbus, and Siemens have signed an open letter urging the EU to rethink its plans to regulate AI. They claim that the AI Act could jeopardize Europes competitiveness and technological sovereignty. The letter argues that the approved rules are too extreme, particularly the strict regulations targeting generative AI systems, and may discourage AI providers from operating in the European market. The signatories call for a more flexible, risk-based approach to AI regulation.
