German Tech Giants Urge Brussels to Rethink AI Laws Amid US Rivalry
Siemens CEO Roland Busch and SAP CEO Christian Klein have issued a stark warning to EU policymakers, arguing that current artificial intelligence and data regulations are stifling innovation. The executives contend that Europe's rigid frameworks, particularly the AI Act and Data Act, place the bloc at a competitive disadvantage against more agile US tech firms.
Busch described the Data Act as 'toxic' for digital business development, emphasizing that Europe's vast data resources remain untapped due to restrictive policies. 'We're not lacking computing capacity, but the release of resources,' he noted in an interview with Frankfurter Allgemeine Zeitung. The tech leaders called for regulatory reforms that prioritize growth alongside risk mitigation.
