Taoiseach says EU must 'pivot' for AI revolution

EU must not 'tie companies up in knots', says Micheál Martin

Taoiseach Micheal Martin says Europe is well positioned for the AI revolution. 'We just need to grab it.' (Picture: PA)

The European Union needs to innovate more and regulate less in order to compete with the US and China on technology, Taoiseach Micheál Martin said in a weekend interview.

“We will see hopefully slower regulatory impulses but also a simplification of regulation,” Mr Martin told Bloomberg TV on Saturday. The EU needs to make sure it doesn’t “tie companies up in knots so that we don’t over-regulate to the extent that we paralyze certain sectors of the economy”, he added.