The European Parliament passed the AI Act, with the landmark ruling setting the standards for AI governance in the European Union. But does it go too far, or not far enough?
Nitish Mittal, Partner at Everest Group, said “There are concerns about how the EU AI Act might prevent exponential innovation in AI in Europe, compared to the strides being made by US and Chinese companies and governments”. Mittal also agreed that the AI Act’s risk management framework is “nuanced, as it looks at risks throughout the design and development process, considering impacts on safety, privacy, and fundamental rights.”
