Fundamentally AI can be a source for good and is already used on a daily basis to help with diagnosing cancer, detecting cardiac arrest during emergency calls, identifying crop disease, detecting and preventing fraud, overcoming dyslexia, optimising energy production, etc. Startups are key to unlocking the vast potential of AI and for the EU to take the lead globally.

Fundamentally AI can be a source for good and is already used on a daily basis in diagnosing cancer, detecting cardiac arrest during emergency calls, identifying crop disease, filtering unwanted emails, detecting and preventing fraud, overcoming dyslexia, optimising energy production etc. However, while AI promises to solve many of society’s challenges, clear-cut paths that help leverage the technology's full potential are yet in its infancy.

Startups and entrepreneurs across the EU welcome the Commission’s proposal for harmonised rules on artificial intelligence that demonstrate the willingness to strengthen the EU’s uptake, investment and innovation in AI. While we fully support the aim of regulating AI to safeguard EU values and establish trust, the current proposal does not provide ideal mechanisms to stimulate innovation and entrepreneurship in AI solutions when adopted in practice: To succeed as startup nations in Europe we need regulation to be implementable by everyone and constructed through the lens of a startup.