As usual, the devil is in the details 🇪🇺 Europe agrees on landmark AI regulation deal. BRUSSELS/LONDON/STOCKHOLM, Dec 8 (Reuters) - Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments' use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT.
With the political agreement, the EU moves toward becoming the first major world power to enact laws governing AI. Friday's deal between EU countries and European Parliament members came after nearly 15 hours of negotiations that followed an almost 24-hour debate the previous day.
The accord requires foundation models such as ChatGPT and general purpose AI systems (GPAI) to comply with transparency obligations before they are put on the market. These include drawing up technical documentation, complying with EU copyright law and disseminating detailed summaries about the content used for training.
Consumers would have the right to launch complaints and receive meaningful explanations while fines for violations would range from 7.5 million euros ($8.1 million) or 1.5% of turnover to 35 million euros or 7% of global turnover.
The legislation is expected to enter into force early next year once both sides formally ratify it and should apply two years after that.
https://www.reuters.com/technology/stalled-eu-ai-act-talks-set-resume-2023-12-08/ #machineL