The European Union (EU) acknowledges that there is a degree of overregulation and also a general desire by the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/european-commission” target=”_blank”>European Commission to simplify the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/eu-ai-act” target=”_blank”>EU AI Act, said Michael McNamara, co-chair of European Parliament’s AI Working Group. “…and undoubtedly all of that played into the withdrawal of the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ai-liability-directive” target=”_blank”>AI Liability Directive proposal,” he told ET.
The EU recently withdrew its AI Liability Directive, which was first proposed in 2022 and proposed to penalise offending organisations for causing harm through AI systems. The European Union’s AI regulation…
