Open Letter Urges Revision of EU AI Act : Building Transatlantic Framework
- 150+ Executives from Global Powerhouses Rally Against EU AI Act
- Institutional Signatories: Airbus SE, Carrefour, Capgemini Group, Dassault Systèmes, Deutsche Telekom, Edenred, Henkel, Pernod Ricard, Renault Group, Safran, Siemens, TomTom, Ubisoft, United Internet, and more.
A group of prominent stakeholders from various European economic sectors has penned an open letter to the representatives of the European Commission, the European Council, and the European Parliament. The letter expresses serious concerns about the proposed EU Artificial Intelligence (AI) Act, stating that it could compromise Europe’s competitiveness and technological sovereignty without effectively addressing the challenges faced by the region. The signatories argue that the Act’s regulation of generative AI could lead to adverse consequences such as the relocation of innovative companies and a widening productivity gap between Europe and the United States.
The Impact of Generative AI:
The open letter emphasizes the significance of generative AI, describing it as a technology that will play a decisive role in the performance and influence of different regions. Large language models, the signatories argue, will provide a competitive advantage and shape not only the economy but also the culture of societies. The letter highlights the importance of Europe not falling behind in this critical field and stresses the need for the continent to become part of the technological avant-garde.
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Balancing Regulation and Innovation:
While acknowledging the complexity and challenges posed by generative AI, the signatories emphasize the need for proper regulation. They support the enforcement of duties of care in model development, standardized labeling of AI-generated content, and safety testing of new models before their introduction. However, they caution against overly rigid compliance regulations, suggesting that European law should focus on broad principles rather than detailed prescriptions. They propose the establishment of a dedicated regulatory body composed of experts at the EU level, with an agile process that can adapt to the evolving technological landscape and emerging risks.
The Transatlantic Framework:
The open letter underscores the importance of building a transatlantic framework, stating that it is necessary to ensure the credibility of the safeguards put in place. Given that major players in the United States have also raised similar proposals, the signatories urge the representatives of the European Union to seize this opportunity to establish a legally binding level playing field. They believe that creating a framework in dialogue with the economy will contribute to European competitiveness while protecting society.
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Responsibility of Stakeholders:
The signatories conclude the open letter by appealing to European decision-makers to revise the latest version of the AI Act. They call for the development of proportionate and forward-looking legislation that supports European competitiveness while upholding the continent’s values. The signatories emphasize the joint responsibility of stakeholders to lay the foundation for a strong, innovative, and prosperous Europe in the field of artificial intelligence.
Read the open letter here.