Several technology executives and investors are unhappy with some of the more burdensome aspects of the AI Act and worry it might strangle innovation.
In June 2024, Prince Constantijn of the Netherlands told CNBC in an interview that he's "really concerned" about Europe's focus on regulating AI.
"Our ambition seems to be limited to being good regulators," Constantijn said. "It's good to have guardrails. We want to bring clarity to the market, predictability and all that. But it's very hard to do that in such a fast-moving space."
Still, some think that having clear rules for AI could give Europe leadership advantage.