Siemens and SAP CEOs Urge EU to Revise AI Regulations Amid Innovation Concerns

Roland Busch of Siemens and Christian Klein of SAP have publicly criticized the European Union's current approach to AI regulation, arguing it risks stifling innovation. In a joint interview with Frankfurter Allgemeine Zeitung, the executives warned that overly restrictive rules could disadvantage European firms against US and Chinese competitors.

The EU's 2023 AI Act, which classifies AI systems into four risk categories, faces scrutiny for its potential to burden businesses with compliance costs. 'Safety and transparency matter, but not at the expense of competitiveness,' Busch emphasized, noting the legislation's narrow scope fails to account for rapid technological evolution.

Europe's regulatory environment is increasingly seen as an obstacle to scaling tech enterprises. Without legislative agility, the continent risks falling behind in developing cutting-edge AI applications—a sector where cryptocurrencies like ETH and DOT are already demonstrating blockchain's potential for decentralized machine learning frameworks.