AI Act: The EUTA Emphasises The Importance of a Risk-Based Approach that Strengthens Innovation in Europe

Brussels, 11 May 2023 – The European Parliament Internal Market (IMCO) and Civil Liberties (LIBE) Committees have adopted their position on the EU Artificial Intelligence (AI) Act, with 84 in favour, 7 against and 12 abstentions. The text will now be submitted to the European Parliament plenary vote in June 2023.

The European Tech Alliance fully supports the AI Act’s objective of promoting AI innovation while mitigating the risks associated with “high-risk AI”. EU tech companies should be encouraged to develop and use innovative AI models to compete with global players. 

During the interinstitutional negotiations, so-called trilogue, the co-legislators should maintain a risk-based approach, especially when it comes to the identification of high-risk AI use cases. The final text should strengthen innovation and research in AI  in Europe. Successful enforcement must also be guaranteed, leading to a strong European competitiveness .

The following can be attributed to EUTA Secretary General, Victoria de Posson

“The European Tech Alliance (EUTA) is committed to working with the co-legislators to ensure that the AI Act promotes innovation while also mitigating AI’s highest risks with an  effective enforcement scheme.”

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About the EUTA

The European Tech Alliance (EUTA) brings together and gives voice to the most exciting homegrown European tech companies across business models, member states and sectors.

Our objective is to create a better future for Europe through technology and based on shared EU values: we aim to contribute to our local economies and build a sustainable, greener, innovative and inclusive Europe for future generations.

Our track record of success highlights the recent growth and potential of the EU’s digital economy. With the right legal framework and policies that enable innovation and fair competition for all players, Europe can continue to prosper and produce more global European digital champions in the future.

Visit us at www.eutechalliance.eu

For media inquiries, please contact:

Victoria de Posson, EUTA’s Secretary General

E-mail: victoria@eutechalliance.eu

E-mail: info@eutechalliance.eu

Phone: +32 476 25 08 16