EU may backtrack on AI regulation with simplification of AI Act (euobserver.com)

• EU AI Act adopted in 2024; now being reconsidered for simplification.
• Signals potential shift in regulatory approach.
• Raises concerns about reduced oversight in high-risk AI sectors.

"Two years after adopting the AI Act, the EU is reportedly preparing to simplify its provisions, raising questions about whether Europe is scaling back its regulatory ambitions on artificial intelligence."