Europe is tinkering with legislation to regulate artificial intelligence. European regulators are delighted with this, but what does the world say about the AI Act?

Now the outlines for the AI Act are known, a debate is beginning to erupt around its possible implications. One camp believes regulations are needed to curb the risks of powerful AI technology, while the other is convinced that regulation will prove pernicious for the European economy. Is it out of the question that safe AI products also bring economic prosperity?

‘Industrial revolution’ without Europe

The EU “prevents the industrial revolution from happening” and portrays itself as “no part of the future world,” Joe Lonsdale told Bloomberg. He regularly appears in the US media around AI topics as an outspoken advocate of the technology. According to him, the technology has the potential to cause a third industrial revolution, and every company should already have implemented