The European Commission is finalizing a plan to make its artificial intelligence rules more palatable to companies, as they scramble to adapt to American tariffs that have sent shockwaves through the global economy, APA reports, citing Politico.
The EU executive will launch a new "AI Continent" plan on Wednesday. According to an undated draft of the plan, the executive wants to "streamline" rules and get rid of "obstacles" that it feels are slowing companies in Europe down in competing with the U.S. and China.
The strategy accomodates concerns expressed by Big Tech companies and AI front-runners, which directed fierce lobbying attacks against the EU's AI Act and other pieces of digital legislation.
Those concerns of the tech industry were echoed by former Italian Prime Minister Mario Draghi in his landmark report on competitiveness in Europe and were included in the key priorities of Ursula von der Leyen's second term as Commission president. The Commission's tech czar Henna Virkkunen told a global AI conference in Paris in early February that the EU's regulatory framework should be more "innovation-friendly."
Wednesday's draft strategy is expected to say that the bloc needs to seize the "opportunity to minimize the potential compliance burden" of the AI Act.
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