Major technology companies and lobbying groups are calling on European Union authorities to postpone the implementation of the Artificial Intelligence Act (AI Act), citing potential economic consequences worth €3.4 trillion.
G. Ostrov
The European Artificial Intelligence Act (AI Act) has become the subject of intensive lobbying by major technology corporations and industry associations. Business representatives argue that the immediate implementation of new regulations could jeopardize economic indicators worth up to €3.4 trillion.
Key Arguments from Lobbyists
Industry groups present several key arguments in favor of delay:
- Insufficient readiness of technical infrastructure to meet new requirements
- Need for additional time to adapt existing AI systems
- Potential negative consequences for European companies' competitiveness in the global market
- Complexity of implementing comprehensive compliance measures in a short timeframe
Regulators' Position
European regulators emphasize the importance of timely AI Act implementation to ensure safety and ethical use of artificial intelligence. European Commission representatives note that the law was developed with a transition period in mind and provides sufficient time for adaptation.
Economic Implications
According to lobbyists' estimates, the €3.4 trillion figure represents potential economic risks associated with:
- Costs of implementing compliance systems
- Possible reduction in innovation activity
- Loss of competitive positions by European companies
- Need to revise business models
International Context
The discussion around the AI Act takes place against the backdrop of active AI regulation development in other jurisdictions. The United States, China, and other major economies are also working on their own approaches to artificial intelligence regulation.
Additional information about European AI regulation can be found on the official European Commission website.
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