Brussels Steps Back from Tech Regulation

Brussels Steps Back from Tech Regulation Role, Aims for AI Race:Brussels has shifted its stance on tech regulation, pausing new AI rules and easing data privacy regulations. This move aims to boost European industries and compete with the U.S. and China in the global tech landscape. The Brussels Effect concept, which suggested the EU would set global tech standards, has faded. This deregulation push follows pressure from the Trump administration and is part of the European Commissions plan to simplify rules and reduce bureaucracy. The EU now prioritizes joining the AI race, trading its role as a global tech enforcer for a chance to participate in the economic boom promised by AI technologies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.