Siemens warns EU regulations are slowing down AI investments

Siemens CEO Roland Busch warned that EU AI rules are too burdensome and could shift more industrial AI investment to the U.S. and China.

He said Europe’s proposals still fail to clearly distinguish industrial AI from consumer AI, slowing adoption and expansion.

Siemens plans to invest about 1 billion euros in industrial AI, but a significant share may be spent outside Europe.

The comments add to concerns that EU AI regulation could hurt Europe’s competitiveness in advanced automation and software.