<ul data-eligibleForWebStory="false"><li>A group of European business and tech leaders are urging the European Commission to delay the full rollout of the EU AI Act due to concerns about its impact on growth, enforcement, and innovation.</li><li>CEOs are requesting a more innovation-friendly approach and a two-year pause on major obligations of the AI Act to allow for practical standards and implementation guidance to be put in place.</li><li>The pause would affect obligations for general-purpose AI models starting in 2025 and for high-risk AI systems beginning in 2026 and 2027.</li><li>Signatories from the EU AI Champions Initiative, including startups and established firms like Mercedes-Benz and Siemens Energy, are calling for strategic implementation of regulations to balance innovation and compliance.</li></ul>

European AI leaders join forces to push two-year pause on AI Act: All you need to know

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