EU Proposes Digital Omnibus to Streamline Regulations for Tech Sector
The European Union has unveiled its Digital Omnibus initiative, aiming to simplify regulations for digital companies and boost local technological innovation. This MOVE comes as the bloc acknowledges its lag in AI investments compared to global competitors.
Critics warn the proposed changes may compromise privacy protections under GDPR in favor of accelerating AI development. The most contentious proposal involves easing data protection rules to facilitate AI model training, sparking debates about the balance between innovation and privacy.
A 16-month grace period for new AI systems forms part of the package, alongside streamlined cybersecurity reporting requirements. The Commission's broader goal involves cutting bureaucratic red tape and creating a more business-friendly environment for digital enterprises.
