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Big tech executives believe Europe’s new AI rule could hurt innovation.

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Amazon and Meta executives expressed their concerns about the EU’s broad AI guidelines in a CNN interview.

They worry that these criteria could hinder innovation if not strictly applied.

Innovative legislation like the AI Act might change how European businesses and organizations use AI, from health care to law enforcement. It regulates ‘inappropriate’ technology use like social scoring.
This guideline demands large AI companies to disclose more and promotes openness in “high-risk” AI usage like education and recruiting.
Meta’s AI head Yann LeCun makes a key point about the new regulation: “Should research and development in AI be regulated?” CNN’s Anna Stewart interviews him at VivaTech.
“Several texts govern research and development, including the EU AI Act. “I don’t think it’s a good idea,” he told CNN’s Anna Stewart in Paris.
One of the “godfathers of AI,” LeCun, dismisses concerns that AI could overtake human intelligence.
On Nov. 1, 2023, Tesla CEO Elon Musk attends the AI Safety Summit at Bletchley Park, UK.
AI systems will be created with protections, he said, even as they improve.
“But today, attempting to find out how to make future super-intelligent AI systems safe is like asking in 1925. Amazon’s  top tech officer, Werner Vogels, worried that AI laws could hamper industry growth.

The logos of Amazon, Apple, Facebook and Google in a combination photo or file photo


Amazon supports regulation and regulators’ broad goals, Vogels said. Despite calling GDPR a “thick” document, they warned the EU against overregulating AI.
“Let’s make sure that the regulatory requirements that we put in place, companies—not just the largest company but every company in Europe—can actually implement,” she added.
Innovation must continue and not come from outside Europe. He noted Europe’s protracted R&D underinvestment.


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