> Under the bloc’s approach, there are four broad risk levels: (1) Minimal risk (e.g., email spam filters) will face no regulatory oversight; (2) limited risk,

> Under the bloc’s approach, there are four broad risk levels: (1) Minimal risk (e.g., email spam filters) will face no regulatory oversight; (2) limited risk, which includes customer service chatbots, will have a light-touch regulatory oversight; (3) high risk — AI for healthcare recommendations is one example — will face heavy regulatory oversight; and (4) unacceptable risk applications — the focus of this month’s compliance requirements — will be prohibited entirely. I think this is a massive oversight, for a few reasons: 1. Things will continue to be done, just elsewhere. The EU could find itself scrambling to catch-up (again) because of their own regulation. 2. Increased oversight is only part of the picture, the real challenge is that even with the oversight, proving that AI is acceptably safe, or that the risk is acceptable. 3. Some things are inherently not safe, e.g. war. I know many (almost all) military tech companies using AI, and the EU is about to become an impossible investment zone for these guys. I think this will make investment into the EU tough, given tonnes of investment is now focused around AI. AI is and will likely remain the fuel to economic growth for quite some time, and the EU adding a time/money tax to the fuel.