Impact of EU AI Act on Chinese AI Companies
Chinese AI firms are bracing for 20-40% higher costs due to the EU AI Act's stringent data and transparency regulations. Despite shared principles, the EU and China diverge in enforcement and political alignment.
Some Asia-Pacific nations like South Korea are adopting laws mirroring the EU's approach. While the EU focuses on user rights, China's AI regulation leans towards state control.
Implementing generative AI within China's narrow policy boundaries remains a significant challenge. Meanwhile, China is moving away from a unified national AI legislation, opting for specific policy drafts and aiming for 50 AI standards by 2026. In the UK, King Charles confirms impending AI regulation, differing possibly from the EU's AI Act to concentrate on general-purpose AI.
Momentum for legislation in the AI sector is crucial for future developments.
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The press radar on this topic:
Chinese AI companies expect up to 40 percent higher costs due to EU AI Act
China’s smart computing gets upgrade as AI demand, tech restrictions drive expansion | South China Morning Post
King Charles confirms UK AI bill is coming, but details yet to be figured out
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