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Omnibus, All Aboard: The EU’s AI Act Simplification and What It Means for Private Equity
When the EU Artificial Intelligence Act entered into force in August 2024 with a first batch of obligations as of February 2025, it was hailed as the world’s first comprehensive AI rulebook. However, early experience quickly revealed practical challenges that could slow down its rollout, particularly for high-risk AI systems, those used in areas such as recruitment, credit scoring, or critical infrastructure. Delayed preparation of standards, late establishment of national governance frameworks and heavier-than-expected compliance burdens prompted a legislative response.