Ericsson condemns EU AI Act as anti-competitive, it might be right

The EU looks like coming under sustained pressure to modify its contentious AI Act, just as a new bunch of commissioners take up position. Meta has succeeded in recruiting several major European tech firms, including Ericsson and German enterprise software giant SAP, as signatories to a letter condemning the Act as anti-competitive and likely to weaken further scope for GenAI innovation in Europe. In this case, the tech firms have a point when they argue that EU commissioners have lost touch with reality. There is nothing new about the EU being at loggerheads with American big tech over regulatory affairs. This has spilled over into numerous antitrust cases against Google, Microsoft, Amazon, and Meta particularly. There is a sense of…