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 …

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 …

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 …

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 …