EU AI Act: Foundation Models and Almost at the Finish Line

On 11 May 2023, the European Union’s landmark AI Act took a giant leap forward as the EU Parliament’s Internal Market Committee and the Civil Liberties Committee (EU Parliament) approved their compromise text. The draft AI Act — which brings AI systems within the EU’s product liability framework — was first introduced in April 2021, headlining as the first comprehensive regulatory scheme for artificial intelligence….
By: Goodwin
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