The DAX corporations SAP and Siemens have demanded a comprehensive reformation of European AI legislation to better address the challenges and opportunities presented by artificial intelligence. In a joint article in the FAZ, CEO Christian Klein (SAP) and Roland Busch (Siemens) advocate for a new framework that promotes innovation rather than hinders it.
Criticism of the AI Act and Data Act
The managers view the current AI Act and Data Act as critical, as they sometimes contradict each other or overlap with existing regulations. Roland Busch even describes the Data Act as “toxic for the development of digital business models.” Both emphasize that substantial changes in legislation are necessary to secure Europe’s competitiveness.
Infrastructure and Data Rules
Another significant point is infrastructure. SAP CEO Klein warns against simply copying the American model, which heavily relies on Large Language Models (LLMs) and corresponding infrastructure. In Europe, the bottleneck is rather found in the data rules. Only with modified rules can the potential of the existing data treasure in Europe be unleashed, according to Busch.
Implications for Investors
For investors, the demand from SAP and Siemens could mean the following:
- There could be significant changes in European AI regulation.
- A more innovation-friendly regulatory framework could open up new growth opportunities.
- The uncertainty regarding regulatory conditions could decrease.
- Investments could become more focused on data-driven business models.
Overall, this joint positioning of two leading technology companies indicates an important impetus for future-oriented European AI legislation with potentially far-reaching effects on market participants and investors.