[2302.04110] Assessing the impact of regulations and standards on innovation in the field of AI

Regulations and standards in the field of artificial intelligence (AI) are
necessary to minimise risks and maximise benefits, yet some argue that they
stifle innovation. This paper critically examines the idea that regulation
stifles innovation in the field of AI. Current trends in AI regulation,
particularly the proposed European AI Act and the standards supporting its
implementation, are discussed. Arguments in support of the idea that regulation
stifles innovation are analysed and criticised, and an alternative point of
view is offered, showing how regulation and standards can foster innovation in
the field of AI.