A group of almost 50 companies, academics and researchers, including Meta, Spotify, Ericsson, SAP, Criteo, and Prada, have signed an open letter outlining their concerns over the European Union's approach to artificial intelligence (AI) regulation. The letter, coordinated by Meta, criticises the application of data protection regulations, which creates uncertainty, and stresses that inconsistent regulatory decision-making could lead to decreased competitiveness and innovation compared to other regions. As such, the letter urges the EU to provide "harmonised, consistent, quick and clear decisions under EU data regulations that enable European data to be used in AI training for the benefit of Europeans".
Legal analysis provided by Pinsent Masons highlights that the letter is not meant to challenge the Artificial Intelligence Act (AI Act) but instead focuses on the data used to train AI systems throughout the entire development lifecycle. Cerys Wyn Davies, a Partner at the law firm, said: "Creating a reliable regulatory framework for the development and deploying of AI is highly welcome across all business sectors... Businesses need legal certainty and security. Those are the preconditions for investing in the development of modern technologies."
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