No Result
View All Result
  • Login
Friday, October 31, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Startups

European AI leaders join forces to push two-year pause on AI Act: All you need to know

by FeeOnlyNews.com
4 months ago
in Startups
Reading Time: 2 mins read
A A
0
European AI leaders join forces to push two-year pause on AI Act: All you need to know
Share on FacebookShare on TwitterShare on LInkedIn


A group of European business and tech leaders is urging the European Commission (EC) to delay the full rollout of the EU AI Act.

The announcement comes out of a concern that the new regulation could slow down growth, lead to inconsistent enforcement, and harm innovation in Europe.

“At a time of unprecedented technological, economic, and geopolitical change, Europe’s ability to lead in AI innovation and adoption will be critical to meet the competitiveness and sovereignty challenges so clearly identified by Mario Draghi – especially in our most established and strategic industries. Unfortunately, this balance is currently being disrupted by unclear, overlapping, and increasingly complex EU regulations. This puts Europe’s AI ambitions at risk, as it jeopardises not only the development of European champions, but also the ability of all industries to deploy AI at the scale required by global competition,” says the letter.

Starting in August, new rules for using AI will be rolled out in phases. CEOs are requesting a more innovation-friendly approach and a delay in the proposed legislation.

“This postponement, coupled with a commitment to prioritise regulatory quality over speed, would send innovators and investors around the world a strong signal that Europe is serious about its simplification and competitiveness agenda,” read the letter.

Urging for a two-year pause on AI Act

More than 45 signatories from the EU AI Champions Initiative, a coalition of over 120 European industrial leaders and AI innovators, have co-signed an open letter urging Brussels to implement a two-year pause on major obligations of the AI Act.

The letter, addressed to President von der Leyen and the European Commissioners, proposes a two-year “clock-stop” on key obligations of the AI Act, delaying enforcement until practical standards and implementation guidance are in place.

This delay would affect obligations for general-purpose AI models (GPAI) starting in August 2025 and for high-risk AI systems beginning in August 2026 and 2027, says the EU AI Champions Initiative.

This window should be used to simplify and align the digital regulatory landscape, particularly through the upcoming Digital Omnibus and Digital Fitness Check.

The two-year pause calls for strategic implementation to make sure that regulations protect essential values without stifling innovation or compromising industrial leadership.

“As representatives of European companies deeply committed to the European project and to the development of trustworthy, human-centric AI, which must, of course, be subject to simplified and practical regulation, we are convinced that Europe has a unique opportunity to lead in the global AI economy. That opportunity will only be realised if we act now and with determination and collaboration at its core,” concludes the letter.

The letter is signed by startups such as Black Forest Labs and Mistral, as well as established firms like Mercedes-Benz, Siemens Energy, and Lufthansa. 



Source link

Tags: ActEuropeanForcesJoinleaderspausepushtwoyear
ShareTweetShare
Previous Post

Sentrycs to integrate extra layer into Rafael’s Drone Dome

Next Post

Sweden’s Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

Related Posts

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

by FeeOnlyNews.com
October 31, 2025
0

Cambridge-based PACT raised investment in a Series A round to scale its sustainable biomaterial platform. Know more about it below.ContentlockrCambridge-based...

Clerq Raises M to Capture Share of T High-Ticket Payment Market – AlleyWatch

Clerq Raises $12M to Capture Share of $3T High-Ticket Payment Market – AlleyWatch

by FeeOnlyNews.com
October 30, 2025
0

The shift from physical to digital payments has created a massive divide in the U.S. economy – while consumers routinely...

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

by FeeOnlyNews.com
October 30, 2025
0

The ChipNL Competence Centre launches in Eindhoven to boost the Dutch semiconductor industry. It aims to connect companies with facilities,...

The Prompting Company snags .5M to help products get mentioned in ChatGPT and other AI apps

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

by FeeOnlyNews.com
October 30, 2025
0

People are increasingly asking AI, not Google, to help them discover products. A recent shopping report says Americans, this holiday...

India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

by FeeOnlyNews.com
October 29, 2025
0

India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That...

Building the Foundation for the Future of Services: Inside the York IE Hub

Building the Foundation for the Future of Services: Inside the York IE Hub

by FeeOnlyNews.com
October 29, 2025
0

The future of professional services isn’t coming…it’s already here. Artificial intelligence, automation, and data are rewriting the rules of the...

Next Post
Sweden’s Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

Sweden's Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

Israeli quantum startup Qedma just raised  million, with IBM joining in

Israeli quantum startup Qedma just raised $26 million, with IBM joining in

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
*HOT* 12 Chatbooks for just  shipped {Ends Tonight!}

*HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}

0
Vedanta Q2 Results: Cons profit plunges 59% YoY to Rs 1,798 crore on exceptional loss of Rs 2,067 crore

Vedanta Q2 Results: Cons profit plunges 59% YoY to Rs 1,798 crore on exceptional loss of Rs 2,067 crore

0
Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

0
5 Undervalued Stocks Under  Poised for Double-Digit Rebounds

5 Undervalued Stocks Under $10 Poised for Double-Digit Rebounds

0
Ameriprise Q3 earnings rise despite RIA losses

Ameriprise Q3 earnings rise despite RIA losses

0
China’s Pony.ai gets the first permit for robotaxis in all of Shenzhen

China’s Pony.ai gets the first permit for robotaxis in all of Shenzhen

0
*HOT* 12 Chatbooks for just  shipped {Ends Tonight!}

*HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}

October 31, 2025
5 Undervalued Stocks Under  Poised for Double-Digit Rebounds

5 Undervalued Stocks Under $10 Poised for Double-Digit Rebounds

October 31, 2025
Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

October 31, 2025
Companies are trying to do too much with AI, says IT CEO

Companies are trying to do too much with AI, says IT CEO

October 31, 2025
China’s Pony.ai gets the first permit for robotaxis in all of Shenzhen

China’s Pony.ai gets the first permit for robotaxis in all of Shenzhen

October 31, 2025
Medpace Holdings – MEDP: Kapitalrendite besser als bei Iqvia, Thermo Fisher & Icon!

Medpace Holdings – MEDP: Kapitalrendite besser als bei Iqvia, Thermo Fisher & Icon!

October 31, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • *HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}
  • 5 Undervalued Stocks Under $10 Poised for Double-Digit Rebounds
  • Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.