Earlier quoted context omitted.
Did you actually read the proposed text of the AI act? I certainly want more oversight over a medical startup or airplane manufacturer doing AI in the essential system components than otherwise. I think adding a high-risk category is a brilliant move.
The problem with this type of regulation is that you need to add huge amount of vagueness in the law to be future proof. Leading to huge amounts of uncertainty for companies, unnecessary red tape and higher legal fees. As well as giving the power to a judge to punish companies if the public sentiment goes negative.
But regarding the uncertainty, I agree with you. And I guess, it's inevitable given the pace of change and innovation. I am expecting more ISO standards to be created and updated in response to the AI Act, which will limit the uncertainty to some extent.