Understanding the EU’s Artificial Intelligence Act
Senior Analyst Benjamin Mueller discusses the European Union’s proposed Artificial Intelligence Act. If adopted, the AIA will be the world’s most restrictive regulation of the development and use of artificial intelligence (AI) tools. It will not only limit AI development and use in Europe but impose significant costs on EU businesses and consumers. The AIA will cost the European economy €31 billion over the next five years and reduce AI investments by almost 20 percent.