European Union to delay implementation of parts of artificial intelligence bill

According to the Financial Times, the European Union Commission has proposed to suspend parts of its landmark artificial intelligence law under intense pressure from big tech companies and the US government. The European Union plans to loosen some digital rules on November 19 in a decision called the "simplification package". The European Union has come under intense pressure from the US government, big tech companies and European groups on its artificial intelligence law, which is considered the world's most stringent regulatory system for the development of artificial intelligence technology. A senior European Union official said the European Union has been in contact with the Trump administration on adjustments to the artificial intelligence law and other digital regulations. The European Union is considering a one-year "grace period" for companies that violate rules on the use of the highest-risk artificial intelligence, the draft shows, and also proposes delaying the implementation of fines for violations of new AI transparency rules until August 2027.