EU is delaying AI regulations by at least a year due to pressure from the U.S. and tech companies, abandoning its goal of being a regulatory leader. The decision follows lobbying from tech industry and governments, as concerns about losing competitiveness grow. Proposed changes will exempt some companies from regulations and extend compliance timelines, prompting criticism over potential erosion of fundamental rights.
https://www.politico.eu/article/the-eu-wanted-to-lead-on-regulating-ai-now-its-hitting-pause/