The DAX companies SAP and Siemens are advocating for a fundamental overhaul of European AI regulation. They argue that current regulations hinder innovation rather than promote it, thereby weakening Europe’s competitiveness in the area of artificial intelligence.
Siemens and SAP Demand Change
Siemens CEO Roland Busch sharply criticizes the EU AI Act, calling it a hindrance to progress in Europe. He emphasizes that contradictory and overlapping regulations, especially in connection with the Data Act, complicate digital transformation.
SAP CEO Christian Klein even suggests suspending the law for two years. He insists that European companies should not be disadvantaged in international competition before new regulations are introduced.
Broad Support from European Executives
Over 40 European executives, including representatives from Mercedes-Benz and Lufthansa, have emphasized their demands in an open letter to EU Commission President Ursula von der Leyen. They urge a two-year postponement of the implementation of the AI Act to avoid jeopardizing the global applications of AI technologies.
This debate is of immense significance for investors: The future design of AI legislation will significantly influence how quickly new AI products come to market, what investments are made in research and development, and how competitive European companies remain internationally.
Unclear or restrictive regulations could hinder innovation and negatively impact market development. Conversely, flexible adjustments to the laws could unleash significant growth potential.