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The grim ghost of crypto future

The article from the Financial Times discusses the ongoing debate over the regulation of artificial intelligence (AI) in the European Union. It highlights the EU's efforts to lead in AI regulation with the proposed AI Act, which aims to set global standards for AI governance. The legislation seeks to balance fostering innovation with protecting citizens' rights, focusing on high-risk AI systems that could impact safety or fundamental rights. Key points include the classification of AI systems, the establishment of regulatory sandboxes for testing, and concerns about the potential stifling of innovation due to stringent regulations. There's also mention of the tension between European lawmakers and tech companies, with the latter arguing that overregulation could drive AI development outside of Europe. The article notes the complexity of AI, the rapid pace of technological advancement, and the challenge of creating laws that are both effective and adaptable to future AI developments.

Read the Full The Financial Times Article at:
[ https://www.ft.com/content/d56802aa-fa82-40f4-9cc6-36bbb8d2b35e ]