Regulation holds back AI, but unevenly

Vittorio Colao, vice chairman for Europe, the Middle East and Africa at General Atlantic, said EU regulation hinders AI development. But the problem is not uniform across all rules.

“But it is in different ways, and we cannot put everything in one bucket.”

Colao defends copyright against AI companies

On copyright protection, Colao sided with creators. He said intellectual property and creative work value need protecting, rejecting AI companies' complaints about copyright laws.

“You see, sorry guys, you want me to allow stealing?”

AI Act too complicated to implement

Colao criticized the AI Act as having good intentions but being too complicated to implement effectively. The EU's omnibus package simplified things, but not enough, he said.

“Good intentions, too complicated to implement, and now we are not capable of implementing it.”

Digital Services Act is democracy's pillar

Colao defended the Digital Services Act, saying somebody must be responsible when fake or harmful content spreads. He called it a pillar of digital democracy.

“I think the DSA is a pillar of digital democracy.”

Policy must move faster than technology

Colao said technology now moves faster than lawmaking. Policy needs a quicker cycle run by competent people, many from the private sector, to keep pace with change.