Europe reaches a deal on the world's first comprehensive AI rules
NPR Online NewsJUL 2023
The Spin
Narrative A
Even though the EU parliament has unambiguously passed the transformative AI Act, doubts are bound to linger over its provisions and their implications, especially given the dynamic nature of artificial intelligence at this stage of its evolution. The good news is that a framework is now ready to guide and regulate the field, even if it requires tweaking on the go. The arrival of these new rules will pep up business confidence, for the primary idea behind it is to lay a foundation that provides basic protection and a trustworthy system to work within.
Narrative B
The restrictive atmosphere that the EU's new AI Act is bound to create is expected to be a huge dampener for Europe's technology sector, especially its AI-based startups. Additionally, there are deep concerns over the influence that Big Tech, like Microsoft, may have had in creating this law. This risks killing the competitiveness of Europe's businesses, which are, in any case, considered to be far behind AI power blocs like the US and China.