What’s proposed? The European Commission has proposed a new Artificial Intelligence Act (AI Act) to regulate the development and use of AI systems in the European Union. The proposed legislation outlines a risk-based approach to AI, with four levels of risk categorisation: unacceptable risk AI, high-risk AI, limited risk AI, and minimal risk AI. If …
Artificial Intelligence Latest News Policy
January 26, 2023
Summary: Exploring the impact of the AI Act on Startups in Europe survey
A recent survey of over 100 high-tech AI startups which drive AI innovation by developing diverse AI systems, with both specific and generic purposes, and 15 Venture Capital firms (VCs) in the EU, has shed some light on potential startup challenges stemming from the EU’s AI Act proposal. This survey conducted by a coalition of …
Artificial Intelligence Latest News
January 17, 2023
How would regulating general purpose AI impact startups?
We are following the discussions on the European Commission’s proposal on AI Act and its impact on the startup ecosystem. Startup communities in the EU are particularly concerned about the regulation of general purpose AI, which is a key element of innovation. Here’s why: What is general purpose AI? A general purpose AI system is …
Artificial Intelligence Latest News Policy
December 2, 2022
AI Act & startups: General Purpose AI in a nutshell
The discussions on the European Commission‘s proposal on Artificial Intelligence Act (AIA) are advancing in the European Parliament and the Council of the EU. We are closely following, among others, the different approaches for the regulation of general purpose AI systems, which will directly impact startups. The latter were not initially in the scope of …
Artificial Intelligence Digital Single Market Policy
September 22, 2022
How may the AI Liability Directive impact startups.
For many AI startups, the global challenges we are currently facing (COVID-19, climate change, and the energy crisis) are opportunities to use technology to improve people’s lives. This is why AFS has actively participated in the policy debate on AI since the first White Paper on the topic was published in February 2020. Advocating for …
Artificial Intelligence Latest News Policy
June 28, 2022
Open Source: Invisible backbone of AI startups
AI rules should be proportionate and risk-based, especially for startups that are building and deploying AI that benefits EU consumers and businesses. Including general purpose AI in the AI Act risks throwing overboard the risk-based approach and casting blanket suspicion on AI startups, which are critical to a competitive AI landscape. One of the hardest …
Artificial Intelligence DTX Healthtech Charter
March 24, 2022
Startups in Artificial Intelligence and Health #TheHealthTechCharter
Artificial Intelligence (AI) has become a key technology in the digitalisation of health – from transforming the delivery of care to expanding precision medicine. Startups have been at the forefront of the development and deployment of AI in health, pioneering life-changing innovations in the global market. While there have been discussions about improving conditions for …
Artificial Intelligence Policy
March 16, 2022
What do startups need from the Artificial Intelligence Act?
For many AI startups, the global challenges we are currently facing (COVID-19, climate change) are opportunities to use technology to improve people’s lives. At the same time, they are building technologies that are currently being regulated by EU policy makers. In this blog post we share key priorities for policy makers to consider in order …
Artificial Intelligence Rocket Club
November 10, 2020
3,2,1…Re-launching the Rocket Club! 🚀
In 2019, in the wake of European elections, we set ourselves the goal of forming an Intergroup on startups and scale-ups in the European Parliament. Our Europe💙Startups campaign gathered more than 50 MEPs. Our initial idea didn’t quite materialise but we realised that we had assembled a network of tech-savvy and startupper MEPs. Always true …
Artificial Intelligence
October 29, 2020
Regulating Artificial Intelligence – An opportunity for innovation in the European Union?
Artificial Intelligence legislation in Europe has enormous opportunities if we maintain and build a clear pathway for starting and scaling startups in Europe. The ambition at EU level should be to incentivise startup entrepreneurs to innovate and grow their business in any sector. Regulating AI has been high on the agenda of the new European …