Bosch CEO to Europe: You are ‘unnecessarily delaying its AI future with…'
Bosch CEO
Stefan Hartung. Speaking at a tech conference hosted by the German firm in Stuttgart, Hartung asserted that 'Europe is unnecessarily delaying its AI future with excessive regulation.'
Bosch, which holds the majority of AI patents in Europe, says it is committed to advancing the technology, with plans to invest an additional 2.5 billion euros (approximately $2.90 billion) in AI by the end of 2027.
Hartung emphasized that the combination of bureaucracy and "strict, but also vague, requirements" is making Europe less attractive for AI development compared to other regions. He urged lawmakers to limit their regulatory efforts to a framework covering only the most crucial aspects.
'Otherwise, we will regulate ourselves to death, because we are trying to regulate against technological progress,' he cautioned.
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by Taboola
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Hartung's remarks come amid increasing pressure in the AI development race, especially following President Donald Trump's announcement in January of a private sector investment of up to $500 billion to fund AI infrastructure.
US VP JD Vance warned Europe on AI over-regulation risks
Earlier this year, US Vice President JD Vance issued a stern warning to European leaders, cautioning that their extensive AI regulations could hinder innovation and stifle the burgeoning industry. Vance also strongly condemned content moderation, labeling it 'authoritarian censorship' and outlining the Trump administration's 'America First' approach to maintaining US dominance in AI.
Speaking at a summit of CEOs and heads of state in Paris, Vance articulated the U.S. opposition to the European Union's stricter regulatory stance.
'We believe that excessive regulation of the AI sector could kill a transformative industry,' Vance stated, according to a Reuters report.
Vance specifically targeted the EU's
Digital Services Act
and GDPR privacy rules, arguing that such regulations impose undue financial burdens and endless compliance costs on smaller businesses.
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