The European Union said on Friday that it will adhere to its timeline for implementing landmark AI legislation. This was in response to a coordinated effort by more than a 100 tech companies to delay the EU’s AI rules. reported.
Tech giants from around the world including Alphabet, Meta Mistral AI and ASML are among those featured. Many have urged the European Commission to postpone the rollout of the AI Act. They claim that it will harm Europe’s ability to compete in a rapidly evolving AI arena.
I’ve seen a great deal of reporting, many letters, and many things being said about the AI Act. Let me be as clear and concise as possible. There is no way to stop the clock. There is no grace time. The report quoted Thomas Regnier, spokesperson for the European Commission.
The AI Act is a risk-based regulation that governs applications of artificial intelligence. It bans a few “unacceptable risks” such as cognitive behavior manipulation or social scores. It also defines “high-risk” applications, such as facial recognition and biometrics, or AI in domains such as education and employment. App developers must register their systems, and meet risk management and quality management obligations in order to gain access to EU markets.
Chatbots are a category of AI apps that is considered to be “limited risk”. They are subject to fewer transparency requirements.
Last year, the EU began rolling out the AI Act in a phased manner. The full rules will be in effect by mid-2026. Ram is a reporter and editor for financial and technology news. He has covered North American and European M&A news, equity, regulatory and debt markets for Reuters and Acuris Global. He also writes about travel, entertainment, tourism and books.
View Bio
