The Pitfalls on the Road: Regulating for innovation in Europe

AI is transforming everything from predictive maintenance in factories to personalized medicine. It's the engine propelling us towards a future filled with exciting possibilities. But just like a high-performance race car, AI needs guardrails to ensure a smooth and safe ride for everyone.
Governments around the world have started to consider the equilibrium between managing perceived risks and opportunities of artificial intelligence and by getting the balance right, regulations can enhance public trust in AI technologies. When users feel safe interacting with AI systems, adoption rates increase, benefiting innovators.
Therefore, responsible innovation flourishes when clear guidelines prevent harmful uses of AI - by defining boundaries. But how well does the AI strike this balance and how are key global actors approaching the same challenges? The session will focus on the AI Acts potential, and flaws, for stimulating innovation across Europe and will compare the Act’s approach to that of some of our global competitors.