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Investing.com -- The European Union’s artificial intelligence (AI) regulations have become a hindrance for global companies trying to deploy the technology in the region, according to Aiman Ezzat, CEO of French IT consulting group Capgemini.
In an interview, Ezzat expressed that the EU’s AI Act, touted as the world’s most comprehensive law governing the use of AI, has gone too far and too fast, thereby stifling innovation.
Ezzat’s remarks were made in the run-up to the AI Action (WA:ACT) summit in Paris on Monday. His comments echo the growing discontent among private sector players in the AI field towards the EU’s regulations.
This comes after U.S. President Donald Trump rescinded a 2023 executive order signed by Joe Biden, which was aimed at mitigating the risks posed by AI to consumers, workers, and national security.
Ezzat pointed out the lack of global standards on AI regulation as a "nightmarish" situation. He described the complexities faced by Capgemini, which has to navigate different regulations in every country where it operates.
Ezzat stated that this makes it challenging to understand what the company can and cannot do, as well as its responsibilities as a developer.
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