Siemens and SAP Urge EU to Rethink AI Regulations Amid Innovation Concerns

What Happened

Siemens and SAP, two major European technology firms, have publicly called on the European Union to revise its upcoming artificial intelligence regulatory framework. Both companies argue that the proposed rules, intended to set ethical and operational boundaries for AI use in Europe, are too restrictive and risk placing European businesses at a disadvantage against global competitors. Their statements were published in leading German newspaper Frankfurter Allgemeine Zeitung (FAZ). The companies warn that the current draft of the AI Act could stifle innovation, slow the adoption of new technologies, and ultimately harm economic growth in the European technology sector.

Why It Matters

The intervention by Siemens and SAP highlights increasing concerns from European industry leaders about the impact of over-regulation on technology innovation and competitiveness. Their feedback could influence final EU policy decisions on AI. Read more in our AI News Hub