No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, April 10, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

European AI leaders join forces to push two-year pause on AI Act: All you need to know

by TheAdviserMagazine
9 months ago
in Startups
Reading Time: 2 mins read
A A
European AI leaders join forces to push two-year pause on AI Act: All you need to know
Share on FacebookShare on TwitterShare on LInkedIn


A group of European business and tech leaders is urging the European Commission (EC) to delay the full rollout of the EU AI Act.

The announcement comes out of a concern that the new regulation could slow down growth, lead to inconsistent enforcement, and harm innovation in Europe.

“At a time of unprecedented technological, economic, and geopolitical change, Europe’s ability to lead in AI innovation and adoption will be critical to meet the competitiveness and sovereignty challenges so clearly identified by Mario Draghi – especially in our most established and strategic industries. Unfortunately, this balance is currently being disrupted by unclear, overlapping, and increasingly complex EU regulations. This puts Europe’s AI ambitions at risk, as it jeopardises not only the development of European champions, but also the ability of all industries to deploy AI at the scale required by global competition,” says the letter.

Starting in August, new rules for using AI will be rolled out in phases. CEOs are requesting a more innovation-friendly approach and a delay in the proposed legislation.

“This postponement, coupled with a commitment to prioritise regulatory quality over speed, would send innovators and investors around the world a strong signal that Europe is serious about its simplification and competitiveness agenda,” read the letter.

Urging for a two-year pause on AI Act

More than 45 signatories from the EU AI Champions Initiative, a coalition of over 120 European industrial leaders and AI innovators, have co-signed an open letter urging Brussels to implement a two-year pause on major obligations of the AI Act.

The letter, addressed to President von der Leyen and the European Commissioners, proposes a two-year “clock-stop” on key obligations of the AI Act, delaying enforcement until practical standards and implementation guidance are in place.

This delay would affect obligations for general-purpose AI models (GPAI) starting in August 2025 and for high-risk AI systems beginning in August 2026 and 2027, says the EU AI Champions Initiative.

This window should be used to simplify and align the digital regulatory landscape, particularly through the upcoming Digital Omnibus and Digital Fitness Check.

The two-year pause calls for strategic implementation to make sure that regulations protect essential values without stifling innovation or compromising industrial leadership.

“As representatives of European companies deeply committed to the European project and to the development of trustworthy, human-centric AI, which must, of course, be subject to simplified and practical regulation, we are convinced that Europe has a unique opportunity to lead in the global AI economy. That opportunity will only be realised if we act now and with determination and collaboration at its core,” concludes the letter.

The letter is signed by startups such as Black Forest Labs and Mistral, as well as established firms like Mercedes-Benz, Siemens Energy, and Lufthansa. 



Source link

Tags: ActEuropeanForcesjoinleadersPausePushTwoYear
ShareTweetShare
Previous Post

Sentrycs to integrate extra layer into Rafael’s Drone Dome

Next Post

Sweden’s Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

Related Posts

edit post
Nobody prepares you for the particular loneliness of not enjoying your own life — not because it’s empty, but because it looks so full from the outside that you can’t even say it out loud without feeling like you’re complaining

Nobody prepares you for the particular loneliness of not enjoying your own life — not because it’s empty, but because it looks so full from the outside that you can’t even say it out loud without feeling like you’re complaining

by TheAdviserMagazine
April 10, 2026
0

Last week, I was mid-sentence in a conversation with a friend, telling her how great things were going, when I...

edit post
The friend who always checks in on everyone but never tells anyone when they’re struggling isn’t hiding. They’ve simply never had the experience of someone noticing without being told, and after long enough, the idea of being spontaneously seen starts to feel like something that happens to other people.

The friend who always checks in on everyone but never tells anyone when they’re struggling isn’t hiding. They’ve simply never had the experience of someone noticing without being told, and after long enough, the idea of being spontaneously seen starts to feel like something that happens to other people.

by TheAdviserMagazine
April 10, 2026
0

Everyone celebrates the friend who checks in. Social media loves them. “Protect the friend who remembers everything.” “Cherish the one...

edit post
Nobody warns you that when you stop caring what everyone thinks, you also discover which of your relationships were held together entirely by your willingness to be whoever the other person needed

Nobody warns you that when you stop caring what everyone thinks, you also discover which of your relationships were held together entirely by your willingness to be whoever the other person needed

by TheAdviserMagazine
April 9, 2026
0

I was sitting across from someone I’d called a close friend for six years when it happened. I’d just told...

edit post
Research suggests the postwar decades produced workers who could delay gratification for years at a time — not because they were wiser than younger generations but because the reward at the end was real and they’d seen it happen with their own eyes

Research suggests the postwar decades produced workers who could delay gratification for years at a time — not because they were wiser than younger generations but because the reward at the end was real and they’d seen it happen with their own eyes

by TheAdviserMagazine
April 9, 2026
0

I watched my father leave the house at the same time every morning for close to thirty years. Same briefcase,...

edit post
Spade Raises M to Turn Messy Transaction Data into a Strategic Asset for Banks and Fintechs – AlleyWatch

Spade Raises $40M to Turn Messy Transaction Data into a Strategic Asset for Banks and Fintechs – AlleyWatch

by TheAdviserMagazine
April 9, 2026
0

Every day, financial institutions process billions of card, ACH, and wire transactions across rails that have barely changed since the...

edit post
There’s a generation of men who became their mother’s therapist before they turned twelve, and they grew into adults who can read a room in seconds but have no idea how to sit in one without scanning for danger

There’s a generation of men who became their mother’s therapist before they turned twelve, and they grew into adults who can read a room in seconds but have no idea how to sit in one without scanning for danger

by TheAdviserMagazine
April 9, 2026
0

Some boys learned to read their mother’s face before they learned to read a book. They could tell by the...

Next Post
edit post
Sweden’s Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

Sweden's Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

edit post
Israeli quantum startup Qedma just raised  million, with IBM joining in

Israeli quantum startup Qedma just raised $26 million, with IBM joining in

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Virginia Permits ADULT MIGRANT MEN To Attend High School

Virginia Permits ADULT MIGRANT MEN To Attend High School

March 30, 2026
edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

March 30, 2026
edit post
Tax Flight Accelerates In Massachusetts

Tax Flight Accelerates In Massachusetts

April 6, 2026
edit post
Property Tax Relief & Income Tax Relief

Property Tax Relief & Income Tax Relief

April 1, 2026
edit post
Is cancelled debt taxable? | TaxAct

Is cancelled debt taxable? | TaxAct

0
edit post
Nasdaq-listed Bitcoin miner sells 80 BTC, holdings drop to 1,794 Bitcoin

Nasdaq-listed Bitcoin miner sells 80 BTC, holdings drop to 1,794 Bitcoin

0
edit post
‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbeds’

‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbeds’

0
edit post
Stock news: Cogeco, Roots, and BlackBerry deliver earnings gains but outlooks remain mixed

Stock news: Cogeco, Roots, and BlackBerry deliver earnings gains but outlooks remain mixed

0
edit post
Airbnb Has Evolved—Here’s How Investors Should Keep Up

Airbnb Has Evolved—Here’s How Investors Should Keep Up

0
edit post
NextEra Energy (NEE): Showdown am Widerstand!

NextEra Energy (NEE): Showdown am Widerstand!

0
edit post
Nasdaq-listed Bitcoin miner sells 80 BTC, holdings drop to 1,794 Bitcoin

Nasdaq-listed Bitcoin miner sells 80 BTC, holdings drop to 1,794 Bitcoin

April 10, 2026
edit post
Airbnb Has Evolved—Here’s How Investors Should Keep Up

Airbnb Has Evolved—Here’s How Investors Should Keep Up

April 10, 2026
edit post
CD&R completes .3bn takeover of Sealed Air

CD&R completes $10.3bn takeover of Sealed Air

April 10, 2026
edit post
‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbeds’

‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbeds’

April 10, 2026
edit post
Nobody prepares you for the particular loneliness of not enjoying your own life — not because it’s empty, but because it looks so full from the outside that you can’t even say it out loud without feeling like you’re complaining

Nobody prepares you for the particular loneliness of not enjoying your own life — not because it’s empty, but because it looks so full from the outside that you can’t even say it out loud without feeling like you’re complaining

April 10, 2026
edit post
NextEra Energy (NEE): Showdown am Widerstand!

NextEra Energy (NEE): Showdown am Widerstand!

April 10, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Nasdaq-listed Bitcoin miner sells 80 BTC, holdings drop to 1,794 Bitcoin
  • Airbnb Has Evolved—Here’s How Investors Should Keep Up
  • CD&R completes $10.3bn takeover of Sealed Air
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.