Big Tech execs say Europe's new AI law could harm innovation

Amazon and Meta executives argue that fears about artificial intelligence (AI) are exaggerated while warning that the European Union’s new AI rules may hinder innovation. This week, the EU approved the AI act, which will impact the use of AI in various sectors such as healthcare and policing. The law prohibits certain uses of AI, introduces disclosure requirements for large AI companies, and emphasizes transparency for high-risk AI applications. Meta’s AI chief questions whether research and development in AI should be regulated, while Amazon’s chief technology officer urges careful consideration of the risks associated with different AI applications, emphasizing the importance of not overregulating the technology.