Source: Yahoo News Canada

Yahoo News Canada reports that Siemens and SAP, two major European technology companies, have called on the European Union to revise the AI Act to reduce regulatory burdens and better support innovation. They express concerns that stringent compliance requirements could hinder competitiveness and slow AI development.

The companies recommend adjustments to compliance frameworks to provide more flexibility, especially for SMEs and startups. The article highlights ongoing dialogue between industry leaders and EU regulators aimed at balancing safety, ethics, and innovation in AI governance.