Exploring the impact of the AI Act on Startups in Europe

12. Dezember 2022


AI Act Impact Survey

As the EU is already behind in terms of innovation in AI, this slowdown could crush the AI ecosystem in the EU as the impacted companies also consider leaving the EU for a territory with a more favorable regulation.” - Chloe Pledel, Chef de projets européens, Hub.France.AI

Together with a broad range of European contributors of this report appliedAI aims for global leadership in AI in each of our country’s AI strategies as well as in the European one. AI is considered a most strategic and transformative technology with a major impact on our industry as well as society. This is also the reason why our institutions exist - be it established by the national governments or from the private sector. We all strive for achieving the goals of our AI strategies and share the common targets competitiveness, trustworthyness and speed.

Having received the feedback from our innovation ecosystems on the AI Act which is outlined in this report, we strongly advocate in all the discussions about potential risks and negative effects that we do not forget how AI can be used to help achieve our targets in the European Green Deal, Healthcare, Digital Sovereignty or other dimensions. The current strong imbalance in the discussions about the regulation will move us from being the shapers to becoming shaped by others. We would lose our innovative power in AI. We hope that the voice of a truly European AI ecosystem will be useful in the discussion of AI regulation in Europe.

This report is based on a profound survey and gives a masterly overview of the impact of the AI Act on Startups in Europe.

Download the slides accompanying the survey

Download the full AI Act Impact Survey here for free!

Authors of this survey

  • Andreas Liebl, Managing Director of appliedAI
  • Till Klein, Team Lead Trustworthy AI, appliedAI Initiative

Contributors and Co-authors of this survey

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