It is reported that Sriram Krishnan, the White House’s senior policy adviser on AI, has criticized the EU AI Act for being overly focused on governance and risk mitigation rather than fostering innovation. Speaking at the India AI Impact Summit, Krishnan emphasized the need for the EU to adopt a more pro-innovation approach, citing the example of Austrian coder Peter Steinberger, who is relocating to the U.S. to join OpenAI due to the restrictive nature of the EU regulations. Krishnan praised India’s regulatory stance as supportive of innovation, highlighting a shift in global discussions from AI governance to business and investment opportunities.
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