Amid concerns about stifling innovation, key figures in tech and government are urging the EU to reconsider the planned August 2nd rollout of regulations for general-purpose AI (GPAI) models under the EU AI Act. Swedish Prime Minister Ulf Kristersson, Bosch CEO Stefan Hartung, and CCIA Europe, representing major tech companies like Alphabet, Meta, and Apple, have voiced concerns that over-regulation could damage Europe's AI competitiveness. At the TNW Conference, Eoghan O'Neill from the European Commission's AI Office addressed the potential delay, indicating the Commission is aware of the concerns. The debate centers on balancing innovation with responsible AI development.