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European AI Needs Strategic Leadership, Not Overregulation

By TechCrunch

May 17, 2021

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Mark Minevich is the principal founder of Going Global Ventures, a New York-based investment, technology, and strategic advisory firm.

With the global race to regulate AI officially on, the European Union (EU) Commission recently published a detailed proposal on how AI should be regulated, explicitly banning some uses and defining those it considers "high-risk," planning to ban the use of AI that threatens people's rights and safety.

The takeaways from the commission are incredibly in depth, but the ones that make the most sense to me are those that stress regulated AI should aim to increase human well-being. However, regulation should not overly constrain experimentation and development of AI systems.

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