EU Plans to Simplify AI Rules, Balancing Innovation & Safety

European Commission Simplifies AI Rules: Balancing Innovation and SafetyThe European Commission announces plans to simplify its AI regulations, aiming to ease the burden on AI companies. The AI Act, which categorizes AI tools based on societal risks, has faced criticism for potentially hindering innovation. The Commission is seeking to create legal certainty for industries due to the lack of technical standards, with a one-year grace period for national authorities to fine misuse starting in August 2027. The Commission remains committed to the core principles of the law, highlighting the ongoing balance between fostering innovation and ensuring public safety in AI.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.