Tech Giants Siemens and SAP Urge Pro-Innovation AI Regulations in Europe

 In today's Cloud Wars Minute, I spotlight a powerful joint
message from two of Europe’s top tech CEOs, Siemens CEO Roland
Busch and SAP CEO Christian Klein, who are urging the European
Union to reconsider its AI legislation.


Highlights


00:03 — The CEOs of Siemens and SAP have urged
the EU to reconsider its AI legislation, expressing concerns that
the current law hinders innovation. SAP CEO Christian Klein and
Siemens CEO Roland Busch are advocating for a new regulatory
framework that supports AI innovation rather than stifling it.
Busch cited the EU's AI Act as the reason that Europe is falling
behind.


00:46 — Klein echoed these concerns. Both CEOs
believe the first step should be reevaluating the existing
legislation affecting AI innovators in Europe. While the AI Act
is designed to ensure the safe development and deployment of AI
technologies, it also risks stifling innovation.


01:17 — This can lead to monopolization and hold
back key innovators in the EU who are working collectively with
their global partners to create what will become the cornerstones
of the AI era. And there's a strong case for collaboration here.
Both tech companies and legislators need to align in establishing
the foundations for a thriving yet safe AI operations landscape.


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