AI isn't allowed to grant loans—but it's also not allowed to deny them! The problem with the AI Act...

With the AI Act, the EU wants to regulate where AI can and cannot be used. It sounds reasonable, but in practice it slows down the particularly exciting use case of automated decision-making. In the future, there should be no blanket bans, but rather a technical distinction between critical scenarios that require regulation and non-critical areas of application. The article "AI is not allowed to grant loans – but it is not allowed to refuse them…