TLDR: The European Commission proposed significant reforms to the GDPR and AI Act to simplify digital regulations due to the rapid growth of AI and competitiveness concerns. Key changes include allowing organizations to process personal data for AI with legitimate interests, streamlining cookie consent, establishing a single breach notification portal, and extending compliance timelines for high-risk AI regulations. Proposed amendments aim to balance economic growth while maintaining privacy rights, but they face mixed reactions, with concerns about reducing protections for users. The reforms will undergo negotiations in the European Parliament and may take several months to finalize.
https://iapp.org/news/a/european-commission-proposes-significant-reforms-to-gdpr-ai-act