EU Proposes Streamlined Digital Rules to Boost Competitiveness

(Bloomberg) — The European Union unveiled a sweeping plan to reduce digital regulation as the bloc strives to boost its competitiveness in artificial intelligence and aid local technology companies.

The proposal calls for delaying rules on high-risk AI systems for as much as 16 months, streamlining the process to report cybersecurity incidents, and easing data protection regulations to facilitate training AI models, according to a statement Wednesday from the EU’s executive arm, the European Commission. 

The plan comes after a push by European and…