Spain has embarked on a pioneering initiative within the European Union by introducing an AI sandbox aimed at helping tech startups adapt to the forthcoming EU AI Act. However, the Spanish government has decided against offering financial support to these startups, sparking concerns among some entrepreneurs about the potential burden of compliance. The EU’s AI Act is set to take effect in 2025, introducing regulations that could influence the decisions of AI startup founders. However, not all startup founders are equally enthusiastic.The AI sandbox primarily targets AI companies working on foundational models and high-risk AI systems.
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