John Whelan: Will the EU's penchant for over-regulating stymie the AI miracle?

Prohibitions on certain types and uses of AI began applying in February, while rules impacting providers of so-called ‘general purpose AI models’ came into effect on August 2

European Commission president Ursula von der Leyen has said she wanted the future of AI to be made in Europe.

For believers, this is the opening act of a decades-long boom. 

Certainly, Goldman Sachs is a believer, estimating AI could add as much as $20trillion to the US economy over the next decade.