The need to reduce bureaucracy and improve access to financing for small and medium-sized enterprises, so that Europe can lead the way rather than merely observe the development of Artificial Intelligence from afar, was emphasized by Dimitris Tsiodras in his speech to the plenary session of the European Parliament.
He added that for thousands of businesses, the regulatory burden remains suffocating, stressing that “valuable resources that could be invested in innovation, growth, and job creation are being spent on dealing with complex administrative obligations.”
The Member of the European Parliament and spokesperson for the New Democracy (ND) European Parliamentary Group noted that “there certainly needs to be a regulatory framework for Artificial Intelligence,” but added that this framework should facilitate its development and not create obstacles through excessive bureaucracy.
Mr. Tsiodras concluded by emphasizing that “this is precisely what we are seeking to achieve with the Omnibus Digital Simplification Package for Artificial Intelligence,” the adoption of which sends the message that Europe can simplify its rules, reduce bureaucracy, and at the same time maintain high levels of protection for citizens.
The text of the statement follows:
“Today’s agreement sends an important message: Europe can simplify its rules, reduce red tape, and at the same time maintain high levels of protection for citizens.
This is exactly what we are aiming for with the Digital Omnibus on Artificial Intelligence.
Of course, there must be a regulatory framework for Artificial Intelligence. However, this framework should facilitate its development and not create obstacles through excessive bureaucracy.
For thousands of small and medium-sized enterprises, the regulatory burden remains suffocating.
Valuable resources that could be invested in innovation, growth, and job creation are instead spent on dealing with complex administrative obligations.
If we want Europe to lead the way—rather than merely watching from the sidelines as artificial intelligence develops— we need less bureaucracy and better access to funding, especially for small and medium-sized enterprises.
Artificial Intelligence and red tape don’t mix.”
