
Where Does AI Go After The EU AI Summit?
President Trump sent the clear message that the U.S. will not stifle AI innovation with regulatory roadblocks. Vice President Vance carried this message to the EU AI Summit in Paris in February. The message was received loud and clear by the leaders in attendance.
The EU seemed to be leading the world into a regulatory morass when they passed the EU AI Act, which just started to go into effect with staged enforcement in 2025. They now seem to be backtracking. French President Emmanuel Macron said, “It’s very clear we have to resynchronize with the rest of the world.” Reuters reported that European Commissioner and Executive Vice President for Tech Sovereignty, Security, and Democracy, Henna Virkkunen, said, “[W]e also have to look at our rules, that we have too much regulation.” Virkkunen went on, “We will cut the red tape and administrative burden from our industries.”
Wait! What? After the EU spent years crafting the EU AI Act, and other countries started following suit, are they going to throw it all out the window and say regulations be damned, AI innovation full steam ahead? Not all leaders at the summit agreed with this innovation-over-regulation approach, as some still preached caution; otherwise, fundamental rights will be trampled.
Exactly how the EU will rein in regulations rather than stifling innovation is unclear. Will they simply not enforce the regulations that are already on the books? It is amazing that when just one country knows that without AI innovation we will fall behind countries like China (and you know the saying, whoever controls the data controls the world), other countries realize their controlling, regulatory handcuffs act like a cinder block on their backs in the AI race.
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About the Author
Richard Sheinis
Partner | Charlotte Office
T: 980.859.0381
E: rsheinis@hallboothsmith.com
Richard Sheinis assists businesses in the areas of data privacy and cyber security, employment, and technology. He works with a wide variety of companies from small technology businesses to publicly traded companies with a global footprint.
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