🇪🇺🤖 On Feb. 2, the EU launched its effort to regulate AI, focusing on AI system definitions, AI literacy promotion, and prohibiting high-risk AI practices. The goal is to balance innovation with responsible AI use. The European Artificial Intelligence Board and other groups welcomed the EU AI Act, but some civil society groups argue it doesn't fully protect human rights. Innovation proponents worry the regulations might stifle growth, particularly for SMEs and startups. 🌱💼 Vladimir Lelicanin, CTO at HAL8, emphasizes the need for regulatory sandboxes to help businesses navigate compliance without hindering creativity. What do you think about the EU AI Act and its impact on innovation?