Siemens CEO says company to prioritise AI investments in the US and China over Europe

 Siemens, Europe’s largest engineering firm, is threatening to shift AI investments to the US and China, citing restrictive EU regulations. CEO Roland Busch argues that the EU’s AI and Data Acts unfairly burden industrial AI with consumer-level oversight. German Chancellor Friedrich Merz also supports revising the framework, calling current rules overly restrictive. Siemens, Europe’s largest engineering firm, is threatening to shift AI investments to the US and China, citing restrictive EU regulations. CEO Roland Busch argues that the EU’s AI and Data Acts unfairly burden industrial AI with consumer-level oversight. German Chancellor Friedrich Merz also supports revising the framework, calling current rules overly restrictive.