Why the EU's Artificial Intelligence Act could harm innovation

The EU's proposed Artificial Intelligence Act plans to restrict open-source AI. The proposed – and still debated – Artificial Intelligence Act (AIA) from the EU touches upon the regulation of open-source AI. But enforcing strict restrictions on the sharing and distribution of open-source general-purpose AI (GPAI) is a completely retrograde step. It is like rewinding the world back by 30 years. Open-source culture is the only reason why mankind was able to progress technology at such a light speed. Only recently AI researchers were able to embrace sharing their code for more transparency and verification but putting constraints on this movement will damage the cultural progress the scientific community has made.