The EU's Artificial Intelligence Act Could Become A Brake On Innovation

Europe is lagging behind not only the US and Japan, but also China in terms of technological innovation. The world's 15 largest digital firms are not European! It is beyond question that Europe produces bright minds with amazing ideas and an entrepreneurial mindset. The problem is very simple: European companies do not make it beyond the start-up phase and if they do, their business is believed to be better off out of Europe. Skype is one famous example that was bought up by Microsoft.