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EU Council and Parliament Agree to Simplify AI Act Rules in Omnibus VII Package
The EU Council presidency and European Parliament reached a provisional agreement on May 7 to streamline certain rules in the AI Act as part of the 'Omnibus VII' simplification package. The deal reduces administrative burden on companies deploying AI systems while maintaining core safety requirements. This marks the first significant revision of the EU AI Act since its original adoption, signaling Europe's willingness to balance regulation with competitiveness.
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