The EU’s stifling regulation of AI is a huge opportunity for Brexit Britain –

They want to introduce a single approach across all of Europe. This is to “reach sufficient scale” and “avoid the fragmentation of the single market”. However, technology changes quickly. They may not get things right the first time and by promoting uniformity they leave little room for diversity or experimentation. 

While details remain thin, European Commission President Ursula von der Leyen is encouraging a much more risk averse approach. But this stance means that implementations of AI could prove too expensive or be blocked by risk-averse entrepreneurs altogether.

Treating technology as guilty until proven innocent does not provide fertile ground for innovation. The EU is seeking to restrict a wide range of AI applications deemed “high risk”, but the definition of what constitutes this is so unclear that potentially any AI can meet the threshold.

Brussels has defined this circularly as “areas where, generally speaking, risks are deemed most likely to occur” and provides the examples of healthcare, transport, energy and government. Instead of providing regulatory certainty and a clear focus, these examples cover more than half the European economy.

By holding new technology to a higher standard than what came before it demands that entrepreneurs and scientists only ever come up with plans for problem-free innovation. This is not only an impossible goal, it is undesirable, too, because it refuses to take account of the problems with the status quo which might be solved by innovation. 

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