This article was originally published on May 27, 21 on Newsweek

The European Union has chronically failed to produce any notable tech unicorns — billion-dollar startups. Its recent move to regulate (I would say criminalize) AI technology, if implemented, will setback the EU to the dark ages, and hand the future of tech to China. Instead of supporting these moves as it has, the Biden administration must embrace and support a future of growth and advancement — a future that promotes use of AI, for the sake of the economy, society and above all, national security.

The recent EU white paper on AI’s regulatory framework was designed to ensure that all use cases of AI can limit any risk, not enforce or support bias, or cause any harm to individuals.

Sid MOHASSEB

Sid Mohasseb is an Author, Venture Investor, Innovation Leader, Serial Entrepreneur, University Professor, Adviser, Board Member & Business Thought Provoker.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store