America innovates, Europe regulates and China copies.

It was a parallel that in the EU we have regulations for things that there are no successful companies in the field and even if some companies will do AI in Europe, they will not be able to compete globally because they are chained by regulations. And with regulations that do not into account the economic realities, like the slow killing of the auto industry with the push for EVs even if very few people actually want them.

As an EU citizen I really applaud the AI regulation. And I work on implementing AI too.

If we look at how the big social media experiment panned out, polarising society through engagement-driven algorithms, it was important to prevent this happening with AI. The same with adtech which caused too much surveillance.

Because it's much harder to put the genie back in the bottle when companies are already heavily relying on it for their business model. We try to steer the industry towards business models that benefit society as well.

AI is nice but it's important to make sure it doesn't undermine society as social media certainly has done. And the regulation is not outrageous. It's mostly common sense.