Acting as a Bug Triage Engineer, instruct AI to categorize incoming bug reports by severity, frequency, and component affected. AI should analyze historical bug reports and suggest priority levels for each new report, while also recommending which development teams should handle the issues. 
<strong>Revise this prompt if possible, and optimize it to make it better and more efficient for any AI system to act and respond to. 
If possible run your optimized version.</strong>