The paper provides a critical assessment of the EU’s AI Act, highlighting its deficiencies in addressing the complex challenges posed by AI technologies. The analysis underscores that while transparency and evaluation measures are essential components of AI governance, the Act’s over-reliance on these measures alone is insufficient to effectively regulate the rapid proliferation of AI applications. Criticizing the AI Act’s emphasis on innovation at the expense of genuinely beneficial technological development, Molavi Vasse’i argues for governance reforms that not only adapt to the evolving nature of AI, but also prioritize its impact on individuals and society. The paper calls for a rethinking of tech governance to create regulatory frameworks that are as adaptive as the technologies they aim to govern, with a primary focus on enhancing societal well-being, which should be the fundamental goal of all economic and technological progress.
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Ramak Molavi Vasse’i (2024) studied this question.
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