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IVSZ Warns of High Cost of Compliance With EU AI Act

Hungarian ICT association IVSZ warned that the European Union's draft Artificial Intelligence Act could hold back the advance of AI development with "unjustifiably strict rules" and "high compliance burdens" in a statement issued on Wednesday, according to a report by state news wire MTI.
European Union High Cost Compliance With Artificial Intelligence Act Budapest Business Journal
Source: bbj.hu

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FOXNEWS Fox News Live June 4, 2024 20:48:00

There is an urgent need for regulation we have to get it right. we have to be careful not to regulate prematurely or haphazardly progressively over regulate we cannot imagine regulate some of the way it will be used. you cannot regulate what you dont know. number if you over regulate as we tend to do will stifle innovation. i do not want china to eat our lunch. as a chief security thanks so much for being here fastening conversation they strengthen the artificial intelligence act. could be years...
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