“We need dynamic regulations, which evolve at the same time as innovation”

2023-12-25 10:00:08

To understand, we must remember this feeling of diving into the unknown when blockchain and cryptocurrencies appeared. This feeling has been increased tenfold by AI. However, instead of supporting this wave of innovation, the EU seems to have prematurely raised regulatory barriers once morest these technologies, and this decision results in a significant impact.

When it comes to emerging technologies, Europe has missed pivotal moments such as cloud computing, electric vehicles and even solar energy. And the giants rushed to take the lead in these areas. Today, when AI is changing the game, can Europe afford to make a misstep?

Europe’s caution comes at a cost. Biotechnology, drones, augmented reality and virtual reality – all linked to AI – have seen the EU fall behind. These sectors are not only technological marvels; they represent economic opportunities, the revitalization of the local economic fabric through job creation and the future of global progress.

The EU’s tendency to regulate before testing is worrying. Entrepreneurs, the most revolutionary in AI, face obstacles before they even begin. It is not the complexities of AI that discourage them but the European administrative complexity. Such a stifled start is hardly conducive to placing Europe at the forefront of AI innovation.

This is why we need regulations that evolve with technological advances, where AI might then flourish while guaranteeing security and ethics. While regulations are vital, in a field as transformative as AI, they must be nimble, timely and encouraging, not become an obstacle.

European history is full of pioneering achievements and revolutionary innovations. However, we should not rest on the achievements of the past. The AI ​​revolution is knocking on Europe’s doors and it is imperative to give entrepreneurs, especially AI enthusiasts, the means to lead the way, to let them experiment, innovate and then, with a more enlightened view, introduce thoughtful regulations.

Decision-makers in Brussels must grasp the urgency of the situation: understand that Europe’s place in terms of innovation is at stake today. For Europe to remain a key player in global technology, particularly in the field of AI, its approach must shift from caution to support and from restraint to empowerment.

As AI continues its meteoric rise, Europe’s position today will determine its place tomorrow. Brussels must understand that Europe can no longer live forever on the wealth of past centuries and that innovation must be supported. Putting innovation at the heart of industrial projects and encouraging ethical progress in AI will allow Europe to have its place in a world now guided by AI.

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