The EU has passed the AI Act — another set of rules that let them fine US big tech companies since there aren’t any European ones.
The law will require foundation models, including GPT & Gemini, to comply with transparency obligations before they are released to the public. These include respecting EU copyright law and providing a summary of training data. There also rules around preventing systemic risks.
Failure to comply results fines of €35M or 7% of global revenue
https://thehill.com/policy/technology/4350934-europe-ai-rules-deal-reached/
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Sounds good, seems while the UK just dithers and talks other countries get on with doing something constructive.
