The European Union’s member states have finally agreed to approve the world’s first comprehensive AI regulation. Ambassadors from all 27 countries reached a deal on the landmark AI Act today. The final text on the harmonised rules was harmonised after lengthy negotiations between representations of the European Council, European Parliament, and European Commission. France, Germany, and Italy had all expressed late reservations about the plans. The trio had called for limited regulation of foundation models, a general-purpose AI technology that supports a diverse range of applications. The GPT foundation models, for instance, underpins OpenAI’s ChatGPT. France had been the last holdout…
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