Siemens CEO blasts the EU AI Act as “misguided,” saying excessive restrictions will lead to reduced investment or accelerate a shift toward the U.S. and Chinese markets

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Mars Finance News, April 20 — According to reports, Siemens CEO Roland Busch( stated that if the European Union does not adjust its restrictive regulations, Siemens will prioritize artificial intelligence investments in the United States and China. “Treating industrial and machine data the same as personal data is completely absurd,” Busch said. “I cannot explain to shareholders why I should invest in an environment where I have no room to operate.” Critics have pointed out that the EU’s AI regulations are overly complex and contradictory, warning that Europe may fall further behind global competitors in this emerging technology sector. (Wide-angle Observation)

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