Home IssueArtificial Intelligence How Much Will the Artificial Intelligence Act Cost Europe?

How Much Will the Artificial Intelligence Act Cost Europe?

by Benjamin Mueller
by
Symbols of EU flag, euros, and AI

If adopted, the EU’s Artificial Intelligence Act will be the world’s most restrictive regulation of the development and use of artificial intelligence (AI) tools. It will not only limit AI development and use in Europe but impose significant costs on EU businesses and consumers. The AIA will cost the European economy €31 billion over the next five years and reduce AI investments by almost 20 percent.

Read the report.

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