AI Act Impact Survey
December 12, 2022
Exploring the impact of the AI Act on Startups in Europe
“As the EU is already behind in terms of innovation in AI, this slowdown could crush the AI ecosystem in the EU as the impacted companies also consider leaving the EU for a territory with a more favorable regulation.” - Chloe Pledel, Chef de projets européens, Hub.France.AI
Together with national AI initiatives from across Europe, appliedAI aims to boost Europe’s global competitiveness in AI and to accelerate AI adoption in line with each of our countries AI Strategies. AI is considered a strategic and transformative technology with a major impact on our industry as well as society. This is also the reason why our institutions exist - be it established by the national governments or from the private sector. We all strive for achieving the goals of our AI strategies and share the common targets competitiveness, trustworthiness, and speed.
Having received the feedback from our innovation ecosystems on the AI Act which is outlined in this report, we strongly advocate in all the discussions about potential risks and negative effects that we do not forget how AI can be used to help achieve our targets in the European Green Deal, Healthcare, Digital Sovereignty or other dimensions. The current strong imbalance in the discussions about the regulation will move us from being the shapers to becoming shaped by others. We would lose our innovative power in AI. We hope that the voice of a truly European AI ecosystem will be useful in the discussion of AI regulation in Europe.
This report is based on a profound survey and gives a masterly overview of the impact of the AI Act on Startups in Europe.
Andreas Liebl, Managing Director of appliedAI
Startups need to develop their solutions already now in compliance with the requirements of the AI Act but there are no standards or tools existing. We immediately need an ecosystem that develops those tools in parallel to standards and AI Act implementation.