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One of the EU’s most senior officials has warned against being “paranoid” or too restrictive when regulating generative artificial intelligence because fear of the technology would stifle innovation. Věra Jourová, the European Commission’s vice-president for values and transparency, told the Financial Times that the bloc’s impending legislation should not be based on “dystopian” concerns. “There should not be paranoia in assessing the risks of AI. It always has to be a solid analysis of the possible risks,” said Jourová, one of two commissioners overseeing the enactment of the EU’s landmark AI law. “We should not mark as high risk things which do not seem to be high risk at the moment. There should be a dynamic process where, when we see technologies being used in a risky way we are able to add them to the list of high risk later on.” When asked, she agreed that too much regulation posed a threat to technological and business innovation. The EU has been at the forefront of the race to regulate AI but others, including the US and China, are debating their own controls on its development and use. The UK is hosting a global summit on regulating AI next month. Jourová’s comments come as the commission, European parliament and member states start the final stretch of negotiations to finalise the AI act, two-and-a-half years after the commission proposed the legislation. Officials hope to conclude the discussions by the end of the year. The negotiations come after businesses raised concerns that the use of generative AI could lead to the manipulation of public opinion through the use of deep fakes. There are also worries among some members of the European parliament about the technology’s ability to create original content that could violate copyright laws.