"allow EU citizens to benefit from AI-oriented systems and to encourage European investment in such technology while also seeking to limit the potential risks"
The AI development space is still pretty new and quickly evolving. How can you limit the risks but expect to discover the benefits? Basically the rest of the world will move on and the EU will fall further behind.
"The proposed ban "would mean that the use of facial recognition technology by private or public actors in public spaces would be prohibited for a definite period (e.g. 3-5 years) during which a sound methodology for assessing the impacts of this technology and possible risk management measures could be identified and developed," the report says."
So the EU wants to stop development and progress for 3-5 years while it tries to understand how this stuff works? Central plan economies dont work, freedom to try things drives development.
"But there would be exceptions, for research and development and for security purposes"
So the security people can still use it (aka govs) but everyone else is severely restricted. And the EU wonder why they struggle to have successful innovative companies like those in the US. How can this be a good idea?