From Meta to Airbnb, Companies Flag Risks Dealing With EU AI Act

Meta Platforms Inc., Adobe Inc., and at least 70 other publicly-traded US companies are warning investors that the world’s most far-reaching AI regulation poses risks to their businesses.

The European Union’s Artificial Intelligence Act—which creates obligations for providers, distributors, and manufacturers of AI systems—may require hefty compliance costs and force companies to alter their product offerings across the Atlantic, businesses say. In many cases, this marks the first time companies have disclosed concerns with the first-of-its kind EU law in their annual reports’ sections outlining potential risks to their operations and financial stability.

Airbnb Inc., Lyft Inc. ...