Deal over EU's AI omnibus package represents political victory for business
By Matthew Newman ( May 7, 2026, 16:39 GMT | Comment) -- The EU’s flagship AI Act was meant to be an example of the "Brussels effect," pioneering law that would inspire the word, but it ended up a target of the bloc’s simplification agenda to realize the goal of greater European competitiveness. A political deal on Thursday on just how to simplify it expresses how businesses saw a chance to shed what many viewed as excessive regulatory burdens.When former European Central Bank president Mario Draghi released his report on Europe’s lack of competitiveness and overregulation in 2024, he probably didn’t envision that the EU’s flagship artificial intelligence regulation would become a target of the bloc’s simplification agenda....
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