The government team of Donald Trump has come out in opposition to the new EU guidelines for overseeing AI after imposing stringent requirements on advanced AI developers to comply with standards related to transparency, risk management, and strengthened intellectual property rights.
The United States has sent letters to the European Commission and several European governments stating that the AI regulatory framework (which is still being finalized and is part of the AI Act) is burdensome. Although it is voluntary, failure to comply could lead to increased scrutiny and hefty fines (up to 7% of annual revenue).
Many parties argue that these guidelines exceed legal boundaries and create unnecessary new mandates. The United States views these regulations as unfair to American technology companies, given past criticism of European rules as unfairly targeting American companies and even labeling them as disguised taxes.
Furthermore, the United States accuses Europe of violating rights and freedom of speech of American citizens. They demand that the EU delay enforcement of the AI regulations until revisions are made and propose that American technology experts engage in dialogues with EU officials.
At the same time, major companies like Meta and Google argue that these guidelines are impractical, especially regarding intellectual property rights and third-party testing, adding to the growing tension. This comes after the EU recently fined Apple and Meta nearly 700 million euros in antitrust cases, viewed by some as economic coercion.
Source: Bloomberg
TLDR: The US government led by Donald Trump opposes EU’s stringent AI regulations, citing burdensome requirements that could lead to increased scrutiny and hefty fines. American tech companies argue these guidelines exceed legal boundaries and create unnecessary mandates, adding to the escalating tensions.
Leave a Comment