The EUs' vision for ethical AI and strengthening user choice  and control may be able to set Europe apart in global competition and a common European approach is preferred over national regulation. Yet, in addition to becoming the frontrunner when it comes to ethical AI and regulation, Europe needs to support AI innovation, development, and market uptake by European companies. Against this background, the European Digital SME Alliance believes that the proposal for a European Act on AI requires additional efforts to ensure the right balance between innovation and regulation.

As it is now time for the European Parliament to study, review, and vote on the proposal, we are holding a workshop to discuss Digital SMEs' position with relevant stakeholders.